Simple English definitions for legal terms
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FACTA: FACTA is a Latin word that means "facts" in English. It is the plural form of the word "factum".
Definition: FACTA is an abbreviation for the Fair and Accurate Credit Transactions Act. It is a federal law that was passed in the United States in 2003 to protect consumers from identity theft and credit fraud.
Examples:
The examples illustrate how FACTA is designed to protect consumers from identity theft and credit fraud. By requiring credit reporting agencies to provide free credit reports and businesses to protect sensitive information, consumers are better able to monitor their credit and prevent fraudulent activity.