Federal Mortgage Law · 24% of the SAFE exammedium
Correct answer: An initial fraud alert, since no proof is required to place one
Under FCRA, a consumer may place an initial fraud alert with a credit reporting agency based solely on suspicion of identity theft — no proof is required. However, an extended fraud alert (which stays on file for seven years) does require an identity theft report filed with a local, state, or federal law enforcement agency. "An extended fraud alert lasting seven years, since o..." is incorrect — proof is not required for an initial alert. "No alert — proof of identity theft is required befor..." is incorrect — the extended seven-year alert requires a law enforcement report, not merely suspicion. "A security freeze, which requires a court order to p..." is incorrect — a security freeze does not require a court order.
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