Bell Properties FCRA Policy and Procedure

Bell Properties Fair Credit Reporting Act (FCRA) Policy

Effective Date: 10-01-2022

  1. Accuracy and Integrity of Furnished Information a) Bell Properties is committed to ensuring the accuracy and integrity of all consumer credit information furnished to credit reporting agencies. This includes verifying the accuracy of the information before reporting it and promptly updating or correcting any inaccuracies identified.
  2. Metro 2 Compliance a) Bell Properties will adhere to the Metro 2 Format guidelines, as established by the Consumer Data Industry Association (CDIA), when reporting consumer credit information to credit reporting agencies. This includes following the prescribed data formatting and reporting standards to ensure compliance and consistency.
  3. Investigating Disputes and Ability to Make Updates a) Bell Properties promptly investigates any disputes received from consumers regarding the accuracy or completeness of their credit information. Upon identifying any errors or discrepancies, Bell Properties will take appropriate measures to update and correct the information with the credit reporting agencies.
  4. Periodic Reviews of Policies and Procedures a) Bell Properties will conduct periodic reviews of its policies and procedures related to FCRA compliance. These reviews will ensure that the policies remain up to date with regulatory requirements and best practices, and any necessary updates or enhancements will be implemented.
  5. Quality Control a) Bell Properties will establish and maintain comprehensive quality control procedures to monitor and assess the accuracy and integrity of the consumer credit information it furnishes to credit reporting agencies. Regular internal audits will be conducted to identify and address any deficiencies or areas requiring improvement.
  6. Training a) Bell Properties will provide regular training to its employees, contractors, agents, and representatives who handle consumer credit information. The training will cover FCRA requirements, Metro 2 compliance, dispute resolution procedures, and the importance of accurate reporting and data integrity.
  7. Vendor Management a) Bell Properties will implement effective vendor management practices to ensure that any third-party vendors or service providers who handle consumer credit information on its behalf comply with FCRA requirements. Vendors will be selected carefully, and contracts will include appropriate provisions to safeguard consumer data and ensure compliance.
  8. FCRA Compliance a) Bell Properties will maintain strict adherence to all provisions of the Fair Credit Reporting Act (FCRA) and other applicable laws and regulations related to consumer credit information. This includes but is not limited to permissible purposes, proper disclosure and consent, adverse action notices, and recordkeeping requirements.
  9. Resource Planning a) Bell Properties will allocate sufficient resources, both financial and human, to effectively implement and maintain its FCRA compliance program. This includes having dedicated personnel responsible for overseeing FCRA compliance, conducting regular assessments, and implementing necessary enhancements to meet evolving regulatory requirements.

Should you have questions or concerns about how we handle your personal confidential credit information, please contact a Bell Properties Representative today.  

Bell Properties believes you deserve credit for paying your rent on time and reports on time payments to Experian Rent Bureau.  

Negative information about you in not shared unless/until an account is sent to collections. Negative information is not shared through this program.    

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