New Fair Credit Reporting Act Form

December 7th, 2012 by JBWK

Employers who use background or credit checks in hiring have a minor change coming: an updated Summary of Rights form will be required starting in January.

Under the federal Fair Credit Reporting Act, employers must give the form to applicants or employees if the employer takes adverse employment action against them based on the credit check or background check. For example, if an employer runs a credit check on an applicant, the employer must disclose that fact and provide the applicant a notice of their rights if they aren’t hired based on information returned in the credit check. That notice of rights is the Summary of Rights form.

A downloadable copy of the new form is available here.

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