FCRA (Fair Credit Reporting Act)

The federal law governing how landlords and operators can use consumer credit reports.

The Fair Credit Reporting Act is a federal statute that regulates how consumer reports — including credit reports, screening reports, and background checks — can be obtained and used. For mobile-home-park operators, FCRA imposes three core obligations: get the applicant's written authorization before pulling a report, share the source of the report when adverse action is taken, and send an adverse action notice within 30 days when a report contributes to a decision. Violations can trigger statutory damages of up to one thousand dollars per violation plus attorneys' fees, and class-action exposure is significant for operators with poor compliance practices.

Related Terms

Adverse Action Notice

A required FCRA notice when a landlord denies or modifies an application based on a consumer report.
Consumer Report

Any record from a consumer reporting agency containing personal credit, criminal, or rental history.
Tenant Screening

The process of evaluating a rental applicant's creditworthiness, history, and suitability.

See FCRA (Fair Credit Reporting Act) in action.

Lotly is the property management software built for mobile home parks. See how we handle fcra (fair credit reporting act) and 50+ other park-specific workflows on a 30-minute demo.

Schedule a Demo →

Glossary entries are general educational reference, not legal, financial, tax, investment, or tenant-screening advice. Definitions vary by jurisdiction and over time — verify with qualified counsel before relying on any term in a transaction or filing.