ID Theft Red Flags FAQ IVB1 – If a consumer withdraws their application for a new account, must a user that receives a notice of address discrepancy take steps to establish a reasonable belief that the report relates to the consumer?

Compliance > Lending > FCRA
Q:  If the consumer withdraws his or her application to open a new account, must a user that receives a notice of address discrepancy take steps to establish a reasonable belief that the consumer report relates to the consumer?
 
A:  No.  The user is not required to take any additional steps in these circumstances.
 
 
ADDITIONAL INFORMATION:
This information was obtained from the Interagency FAQs for Identity Theft Red Flags and Address Discrepancies - https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20090611a1.pdf
 

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