Which law addresses matters related to identity theft?

Prepare for the NMLS Uniform State Test with flashcards and multiple-choice questions with hints and explanations. Get ready for your exam!

The law that addresses matters related to identity theft is the Fair and Accurate Transactions Act (FACTA). This act was designed to protect consumers from identity theft and includes provisions that require financial institutions and creditors to implement measures for safeguarding sensitive information. FACTA also provides consumers with the right to request free credit reports and addresses processes for obtaining credit reports to help individuals monitor their credit and detect potential identity theft.

In the context of this question, it specifically focuses on the measures and regulations that safeguard against identity theft, making FACTA the correct answer. The other laws listed have different focuses: the Fair Housing Act pertains to housing discrimination, the Fair Credit Reporting Act deals primarily with the accuracy and privacy of information in consumer credit reports, and the Real Estate Settlement Procedures Act focuses on disclosure of settlement costs in real estate transactions. Thus, while they serve important purposes in consumer protection, they do not specifically target issues related to identity theft as FACTA does.

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