Fair Credit Reporting: 4.5.6.2 Translation of Disputes into Limited Number of Codes
The ACDV contains only a limited amount of information, including: (1) identifying information about the consumer in the CRA’s file; (2) one or two codes summarizing the consumer’s dispute; and (3) if the CRA deems it necessary, a one-line free-form narrative field that supplements the dispute codes. This free-form field is sometimes referred to as the “FCRA Relevant Information field,” but is not used in the majority of cases. The CRAs’ procedures manuals offer almost no instructions for their ACDV employees as to what information should be placed in this one-line text field.