The standard, known as the Disposal Rule, is part of the Fair and Accurate Credit Transactions Act of 2003.
What does FACT stand for?
FACT stands for Fair and Accurate Credit Transactions Act of 2003 (US)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of FACT
We have 192 other meanings of FACT in our Acronym Attic
- Faculty Academic Computing Support Services (Syracuse University; New York)
- Federation of Analytical Chemistry and Spectroscopy Societies
- Fellow of the Academy of Social Sciences (UK)
- Friendship Association for Chinese Students and Scholars
- Facilities Installation Study Program
- Facility Assurance Containment Team (Hilti)
- Facility Automated Control Team
- Facility for the Analysis of Chemical Thermodynamics
- Fair Access Coalition on Testing
- Fair Access to Clinical Trials Act (proposed US legislation)
- Fairchild Advanced CMOS Technology
- False Accusations Court Trouble
- Family and Children's Trust Fund (Virginia)
- Family Assistance Crisis Team(s)
- Farmers Adopting Computer Training (North Carolina)
- Fashion, Arts, Culture, Technology
- Fast Acting Control Transfer
- Fast Asymptotic Coherent Transmission
- Fast, Accurate, Concise, and True
- Fatal Accident Complaint Team (Michigan State Police)
Samples in periodicals archive:
Section 411 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) amended the FCRA to provide that a creditor may not obtain or use medical information in connection with any determination of a consumer's eligibility, or continued eligibility, for credit except as permitted by regulations or the FACT Act.
Federal Trade Commission (FTC) has issued its final rule on the proper disposal of consumer report information and records under the Fair and Accurate Credit Transactions Act of 2003 (FACTA) and the Fair Credit Reporting Act (FCRA).
22, unanimously approved the conference report on the Fair and Accurate Credit Transactions Act of 2003.
The sections entitled, "Information Technology" have been revised to include the Board's December 16, 2004, adoption of rule changes (effective July 1, 2005) that implement section 216 of the Fair and Accurate Credit Transactions Act of 2003, and amend the Interagency Guidelines Establishing Standards for Safeguarding Customer Information.
The agencies' final rules implement section 216 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) and include this new statutory requirement in the Interagency Guidelines Establishing Standards for Safeguarding Customer Information (retitled the Interagency Guidelines Establishing Standards for Information Security), which were adopted in 2001.