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The Fair and Accurate Credit Transactions Act of 2003 (FACT Act)

New regulations that became effective in 2008 affect NAR members that have affiliated businesses and those that deal with credit reports.


The Fair Credit Reporting Act of 1970 (FCRA) was amended by the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) late in 2007 adding several new regulations affecting some NAR members.

Download the FACT Act


Both the Affiliate Marketing Rules and the Identity Theft Red Flag Guidelines went into effect in late 2008.

Generally, the FACT Act requires the Federal Trade Commission, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Comptroller of the Currency and the Office of Thrift Supervision (the Agencies) to issue joint regulations and guidelines regarding the detection, prevention, and mitigation of identity theft.

For more information

The FTC Bureau of Consumer Protection, Division of Financial Practices, can be reached at 202.326.3224.

You may also call:

Charles Dawson
Associate Policy Representative
ph: 202.383.7522