To all CBOP Customers,
All customers must retain proper documentation regarding client authorizations for all
loan applications for audit purposes. These documentations are needed in the event one or
more of the three major credit repositories were to do a random audit. At any time a
particular customer may be picked for audit and a particular client name may be selected.
That customer will than have to present a signed authorization by the client (as required
by the Fair Credit Reporting Act). If documentation is unavailable that customer might
face an interruption of service by the repositories. Your cooperation on this matter is
greatly appreciated. Thank you
.
