Under the Fair Credit Reporting Act, what must be shared with a declined insurance applicant?

Under the Fair Credit Reporting Act, when an insurance application is declined based on information received from a consumer reporting agency, the applicant must be informed of the name and address of that reporting agency. This requirement ensures transparency and allows the applicant to follow up directly with the agency for further details about the data that contributed to the decision.

Providing the name and address enables the applicant to obtain their own report and verify the accuracy of the information. This is crucial because sometimes applications may be declined due to errors or outdated information in a credit report. In terms of the other choices, while it might seem beneficial to inform an applicant of the specific reasons for a decline or their credit score, the law specifically mandates the disclosure of the reporting agency information in this context.