FACTA meaning in Governmental ?

Answer:

What is Fair and Accurate Credit Transactions Act mean?

The Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA, Pub.L. 108–159 (text) (pdf)) is a United States federal law, passed by the United States Congress on November 22, 2003, and signed by President George W. Bush on December 4, 2003, as an amendment to the Fair Credit Reporting Act. The act allows consumers to request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies (Equifax, Experian, and TransUnion). In cooperation with the Federal Trade Commission, the three major credit reporting agencies set up the web site AnnualCreditReport.com to provide free access to annual credit reports.

The act also contains provisions to help reduce identity theft, such as the ability for individuals to place alerts on their credit histories if identity theft is suspected, or if deploying overseas in the military, thereby making fraudulent applications for credit more difficult. Further, it requires secure disposal of consumer information.

reference

Full Form	Category
Florida Association of College Test Administrators	Academic & Science
Fair and Accurate Credit Reporting Act	Governmental
Fair and Accurate Credit Transactions Act	Governmental
Fair and Accurate Credit Transaction Act	Governmental
Food Agriculture Conservation and Trade Act	Governmental
Federal Anti-Car Theft Act	Governmental