16 CFR §641.1 — Duties of users of consumer reports regarding address discrepancies (FTC FCRA, motor-vehicle-dealer scope)
16 CFR §641.1 is the FTC implementation of the FCRA address- discrepancy rule (15 U.S.C. §1681c(h)(1)) for users of consumer reports that are motor vehicle dealers excluded from CFPB jurisdiction (per 12 U.S.C. §5519). The rule imposes two operative duties: (i) reasonable-belief — develop and implement reasonable policies and procedures to enable the user to form a reasonable belief that the consumer report relates to the consumer about whom the report was requested when the user receives a notice of address discrepancy from the CRA; and (ii) furnish- confirmed-address — develop and implement reasonable policies and procedures for furnishing a reasonably-confirmed address back to the CRA when three conditions are met (reasonable belief formed, continuing relationship, and regular ordinary-course furnishing relationship with the CRA).
Verbatim regulatory text
Verbatim provisions from 16 CFR §641.1 — Duties of users of consumer reports regarding address discrepancies (FTC FCRA, motor-vehicle-dealer scope) — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
16 CFR §641.1(c)(1) — Reasonable-belief policies & procedures required
(c) Reasonable belief —(1) Requirement to form a reasonable belief. A user must develop and implement reasonable policies and procedures designed to enable the user to form a reasonable belief that a consumer report relates to the consumer about whom it has requested the report, when the user receives a notice of address discrepancy.
16 CFR §641.1(d)(1) — Furnish reasonably-confirmed address to CRA when conditions met
(d) Consumer's address —(1) Requirement to furnish consumer's address to a consumer reporting agency. A user must develop and implement reasonable policies and procedures for furnishing an address for the consumer that the user has reasonably confirmed is accurate to the consumer reporting agency described in 15 U.S.C. 1681a(p) from whom it received the notice of address discrepancy when the user:
16 CFR §641.1(d)(3) — Timing: furnish during the reporting period the relationship is established
(3) Timing. The policies and procedures developed in accordance with paragraph (d)(1) of this section must provide that the user will furnish the consumer's address that the user has reasonably confirmed is accurate to the consumer reporting agency described in 15 U.S.C. 1681a(p) as part of the information it regularly furnishes for the reporting period in which it establishes a relationship with the consumer.
16 CFR §641.1(d)(1) — Furnish reasonably-confirmed address to CRA when conditions met — enumerated items (chapeau recall fix)
(i) Can form a reasonable belief that the consumer report relates to the consumer about whom the user requested the report; (ii) Establishes a continuing relationship with the consumer; and (iii) Regularly and in the ordinary course of business furnishes information to the consumer reporting agency from which the notice of address discrepancy relating to the consumer was obtained.