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Subject:  Re: Ever heard of the 30% rule? FICO Date:  8/30/2019  6:35 PM
Author:  JAFO31 Number:  312631 of 312702



You wrote, ...

Given that the much of the CRA files is not public information, I would suggest that CRA is much more akin to photographs on private land, and cannot be published without the consent of such person, and any reasonable person would reserve the right to review before publication.

"It's exactly the same - especially since most of the information on the report is not public. But when you sign for a line of credit you are (usually) providing the creditor with among other things, that signed release. I suppose if the contract you signed lacked such a provision you could sue both parties for the disclosure - at least up to your actual damages. But most professional lenders are going to have a release in their contracts."

Except that the release is typically in favor of the lender, and may not necessarily authorize the CRA to deliver the files (much would depend upon actual release document). And theoretically, the release could be conditioned upon the person receiving a copy of the report concurrently with the lender.

Regards, JAFO
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