@bettercreditguy1 wrote:
. Anyway, there is a new Federal requirement, related to Homeland Securiy thingy, (I'm sorry I forgot the name/statute), which requires a dealer to positively identify their customer and by doing so, your name is run against a terrorist data base when they run their report. If they do not do this and you are found to be on the "list" the dealer faces heavy fines and could loose their license/franchise for supplying/selling a vehicle to somebody on the list.
Whilst it is true that car dealers are required to verify your identity, they are not required to pull your credit to do this, despite what they might tell you at the dealership. There have been several threads on this recently:
http://ficoforums.myfico.com/t5/Auto-Loans/WTH-Patriot-act-OFAC-requires-me-to-fill-out-a-credit/td-...
http://ficoforums.myfico.com/t5/Auto-Loans/Does-a-dealer-have-to-run-your-credit-when-you-bring-your...
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
