Metroroommates.com - Credit Reporting Application & Agreement

Section 604(f) of the federal Fair Credit Reporting Act (FCRA) prohibits any person from obtaining a consumer report from a consumer reporting agency (CRA) unless the person has certified to the CRA:

  • The permissible purpose(s) for which the report is being obtained and
  • Certifies that the report will not be used for any other purpose.

Account Name

 

Owner/Contact Name

 

Current Address

 

City

                                            State                                             Zip

Federal Tax ID # or SSN

 

Phone#

 

Fax#

 

Email

 

Your purpose for accessing consumer credit information:

 

AGREEMENT FOR SERVICE

For your protection, the terms and conditions of this agreement should be reviewed with all authorized users.

Recognizing the obligation to develop and implement policies which protect the confidential nature of the information that Spyder Web Enterprises provides and to assure the consumer's right to privacy in order to obtain credit, court, bad check, employment and previous landlord information, the undersigned ("Subscriber") represents to Spyder Web Enterprises and agrees as follows:

 

THE SUBSCRIBER AGREES: _____Initial

1. To comply with all provisions of the Federal Fair Credit Reporting Act (FCRA) and any state laws that may apply. Subscriber represents that it is familiar with the requirements of the FCRA, including specifically the permissible purposes for obtaining reports. Subscriber will provide evidence reasonably requested by Spyder Web Enterprises which evidences subscriber's full compliance with the FCRA.

2. To obtain prior written permission from every individual upon whom reports are ordered and to keep the authorization on file for a minimum of 2 years.

3. Employees will be forbidden to obtain reports on themselves, associates, or any other persons except in the exercise of their official duties.

4. That reports will be used for the following permissible purposes: to review or extend credit, or for real estate rental or leasing transactions.

5. To hold information as confidential and not to disclose or resell to any third parties, including the subject of the report. Subscriber certifies that they are not a Program Participant as defined in the Spyder Web Enterprises Agreement. In no event will Spyder Web Enterprises be held liable for any incidental or consequential damages, however arising. Subscriber hereby indemnifies and agrees to defend and hold Spyder Web Enterprises harmless from and against any and all costs and liabilities which may be asserted against Spyder Web Enterprises based upon the improper use by Subscriber of information furnished to Subscriber by Spyder Web Enterprises, or based upon Subscriber's noncompliance with the FCRA.

6. Access is permitted only to designated authorized users of your Spyder Web Enterprises account who have permissible purpose for obtaining each consumer's credit, court, bad check, employment and landlord Information (“consumer reports”). It is a requirement that all Spyder Web Enterprises accounts (End-Users) and their authorized users take precautions to secure any system or device used to access confidential information. To that end, Subscriber agrees to adhere to the following.


ACCESS SECURITY REQUIREMENTS: _____Initial

7. You must protect your Spyder Web Enterprises account number and password so that only key personnel know this sensitive information. Unauthorized persons should never have knowledge of your password.  Do not post the information in any manner within your facility.

8. System access software,whether developed by your company or purchased from a third party vendor,must have your Spyder Web Enterprises account number and password “hidden” or embedded and be known only by supervisory personnel.Assign each user of your system access software a unique logon password.

9. Do not discuss your Spyder Web Enterprises account number and passwords by telephone with any unknown caller, even if the caller claims to be an employee of Spyder Web Enterprises.

10. Restrict the ability to obtain credit information to a few key personnel.

11. Place all terminal devices used to obtain credit information in a secure location within your facility.  You should secure these devices so that unauthorized persons cannot easily access them.

12. After normal business hours, be sure to turn off and lock all devices or systems used to obtain credit information.

13. Secure hard copies and electronic files of consumer reports within your facility so that unauthorized persons cannot easily access them.

14. Shred or destroy all hard copy consumer reports when no longer needed.

15. Erase or scramble electronic files containing consumer information when no longer needed and when applicable regulation(s) permit destruction.

16. Make all employees aware that your company can access credit information only for the permissible purposes listed in the Permissible Purpose Information section of your membership application.Your employees may not access their own report or the report of a family member or friend if your company does not have permissible purpose.

17. Record Retention: It is important that you keep credit applications for a reasonable period of time.  This will help to facilitate the Investigative process if a consumer claims that your company inappropriately accessed their credit report.(Note:The Federal Equal Credit Opportunity Act states that a creditor must preserve all written or recorded information connected with an application for 36 months.)

18. “Under Section 621 (a) (2) (A) of the FCRA, any person that violates any of the provisions of the FCRA may be liable for a civil penalty of not more than $2,500 per violation.”

 

FCRA REQUIREMENTS: _____Initial

19. We suggest that you and your employees become familiar with the following sections in particular: 604, 615, 616, 617, 619, 620, 623.

20. Each of these sections are of direct consequence to users who obtain reports on consumers.

21. As directed by law, credit reports may be issued only if they are to be used for extending credit, review or collection of an account, employment purposes, underwriting insurance or in connection with some other legitimate business transaction such as an investment, partnership, etc.  It is imperative that you identify each request for a report to be used for employment purposes when such report is ordered.Additional state laws may also impact your usage of reports for employment purposes.

22. We strongly endorse the letter and spirit of the Federal Fair Credit Reporting Act.  We believe that this law and similar state laws recognize and preserve the delicate balance between the rights of the consumer and legitimate needs of commerce.

23. In addition to the Federal Fair Credit Reporting Act, other federal and state law addressing such topics as computer crime and unauthorized access to protected bases have also been enacted.As a prospective user of consumer reports, we expect that you and your staff will comply with all relevant federal statutes and the statutes and regulations of the states in which you operate.

24. We support consumer reporting legislation that will ensure fair and equitable treatment for all consumers and users of credit information.


WAIVER

25. Spyder Web Enterprises does not guarantee the accuracy of information reported, and in no event shall Spyder Web Enterprises be held liable in any manner whatsoever for any loss or injury to Subscriber resulting from the obtaining or furnishing of such information.


TERM

26. Spyder Web Enterprises may terminate service to Subscriber upon notice at least 10 days prior to the end of any given monthly payment period. Spyder Web Enterprises may deny service to Subscriber at any time is Spyder Web Enterprises reasonably believes that Subscriber is not or has not been in compliance with this Agreement. This Agreement sets forth the entire understanding and agreement between Spyder Web Enterprises and Subscriber, and shall not be altered, varied, or enlarged upon by any verbal promises, statements, or representations not expressed herein. This instrument shall be interpreted in accordance with the laws of the State of New Jersey. Subscriber may not assign its rights under this agreement and any affiliate, successor or assign of Subscriber must submit a new Application and Agreement.

27. Spyder Web Enterprises may deny service to Subscriber at any time if Spyder Web Enterprises reasonably believes that Subscriber is not or has not been in compliance with this Agreement. This agreement sets forth the entire understanding and agreement between Spyder Web Enterprises and subscriber, and shall not be altered, varied, or enlarged upon by any verbal promises, statements, or representations not expressed herein. This instrument shall be interpreted in accordance with the laws of the State of New Jersey. Subscriber may not assign its rights under this agreement and any affiliate, successor or assign of Subscriber must submit a new Application and agreement.

I understand that a violation of the Spyder Web Enterprises Agreement for Service, the Fair Credit Reporting Act or any state laws will at a minimum result in the termination of this account. A photo or fax copy of this signature will act as the original.

Account Name

 

 

Signature X

__________________________

Date

__________________________

 

Type or Print Name

__________________________

Title

__________________________

 

Failure to comply with the FCRA can result in state or federal enforcement actions, as well as private lawsuits. Sections 616, 617, and 621. In addition, any person who knowingly and willfully obtains a consumer report under false pretenses may face criminal prosecution. Section 619. - federal Fair Credit Reporting Act (15 USC. 1681q)


16 Arcadian Way , C-5     Paramus NewJersey 07652    Ph: 201-845-7300

fax:1-707-222-2691