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Fair Credit Act 604 is a section of the Fair Credit Reporting Act that pertains to the accuracy of credit reports.
Any entity that collects and reports credit information, such as credit bureaus and lenders, is required to comply with Fair Credit Act 604.
Fair Credit Act 604 requires accurate reporting of credit information and timely updates to correct any errors. Entities must follow the guidelines set forth in the Fair Credit Reporting Act.
The purpose of Fair Credit Act 604 is to ensure the accuracy and fairness of credit reporting, which in turn helps consumers access credit and financial opportunities.
Fair Credit Act 604 requires the reporting of accurate credit information, including credit accounts, payment history, and any disputes or corrections made by the consumer.
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