Get the free Permissible Purpose Checklist - RentPrep

Application for Access to Consumer Reports and FCRA Related Data Application Every field on this Application MUST be completed. If not applicable, you must write N/A. Failure to fully complete this

How to fill out permissible purpose checklist

Who needs permissible purpose checklist?

1. Businesses: Businesses that collect and use consumer credit reports for various purposes such as loan approvals, background checks, or tenant screening may need to fill out a permissible purpose checklist. This checklist ensures that they have a valid reason to access an individual's credit information while adhering to the guidelines set by the Fair Credit Reporting Act (FCRA).
2. Landlords: Landlords who use consumer credit reports to evaluate potential tenants are also required to have a permissible purpose for accessing this information. By filling out a permissible purpose checklist, landlords can demonstrate that they have a legitimate need to review an applicant's credit history as part of the rental screening process.
3. Employers: Employers who conduct background checks or credit checks as part of their hiring process may need to complete a permissible purpose checklist. This ensures that they have a lawful reason for accessing an individual's credit information and protects the applicant's privacy rights.

How to fill out a permissible purpose checklist:

1. Identify the specific purpose: Clearly state the purpose for which you need access to an individual's credit information. Whether it is for a loan application, employment screening, or tenant evaluation, be specific about why you require this data.
2. Understand the permissible purposes: Familiarize yourself with the permissible purposes outlined in the FCRA. These include credit transactions, employment purposes, insurance underwriting, government licensing, court orders, and legitimate business needs. Ensure that your purpose fits within one of these categories.
3. Obtain written consent: Before accessing an individual's credit report, you must obtain their written consent. Include a section in your checklist to record the individual's consent and keep it on file for future reference.
4. Provide disclosure: On the checklist, include a section where you disclose your intentions of using the obtained credit information. This can be as simple as stating that the collected data will be used for evaluation or decision-making purposes related to the specific permissible purpose stated.
5. Retain the checklist: Once completed, make sure to retain the filled-out permissible purpose checklist for a reasonable period of time. This serves as proof that you had a legitimate reason to access an individual's credit information in compliance with the FCRA.
6. Periodically review and update: It is important to periodically review the permissible purpose checklist to ensure that the information provided is accurate and up to date. Changes in regulations or business practices may require adjustments to the checklist, so staying informed is essential.

By following these steps, both businesses and individuals can confidently navigate the process of filling out a permissible purpose checklist, ensuring that the access to credit information is done legally and responsibly.

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What is permissible purpose checklist?

The permissible purpose checklist is a document that outlines the specific reasons and legal grounds for accessing and using certain types of personal information.

Who is required to file permissible purpose checklist?

Any entity or individual that wishes to access or use personal information for specific purposes must file a permissible purpose checklist.

How to fill out permissible purpose checklist?

To fill out a permissible purpose checklist, you must clearly state the reasons for accessing the personal information, provide necessary documentation, and ensure compliance with relevant laws and regulations.

What is the purpose of permissible purpose checklist?

The purpose of the permissible purpose checklist is to ensure that personal information is being accessed and used legally, ethically, and in compliance with privacy laws.

What information must be reported on permissible purpose checklist?

The permissible purpose checklist must include details about the specific purposes for accessing personal information, the legal basis for doing so, and any relevant documentation supporting the request.