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Rev. November 2017WHAT DOES SEVER COUNTY BANK DOFACTSWITH YOUR PERSONAL INFORMATION? Why? Financial companies choose how they share your personal information. Federal law gives consumers the right
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FACTA stands for Fair and Accurate Credit Transactions Act, which requires creditors to provide accurate and timely information.
Creditors or financial institutions are required to file FACTA.
FACTA can be filled out electronically or through paper forms provided by the credit reporting agencies.
The purpose of FACTA is to protect consumers from identity theft and ensure accurate credit reporting.
Financial information and personal data related to credit transactions must be reported on FACTA.
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