Sharing a Credit Report? You Could Be Breaking the Law

When you run a credit report as part of tenant screening, remember that you are the only one allowed to see it. Even if the property owner asks for a copy or the tenant wants to take a look, you cannot share it. It may feel like a simple favor, but the law says otherwise. The Fair Credit Reporting Act makes it clear that only those with a direct business reason can access this kind of information, and in this case, that means you.

Sharing a credit report can lead to big trouble. It puts you at risk for legal action, violates the Code of Ethics, and could damage your professional reputation. If you ever feel unsure about what you can or cannot share, it is always best to check in with the Texas REALTORS® Legal Hotline (512-480-8200). It is a great resource for quick, reliable answers.