Which of the following is a valid permissible use of credit reports?

The correct answer is valid because under the Fair Credit Reporting Act (FCRA), one of the permissible purposes for obtaining a consumer's credit report is to determine eligibility for licensing. This is particularly relevant for certain professions and industries where financial responsibility is a criterion for licensure.

In many cases, regulatory agencies require a review of an individual's credit history to ensure that they meet specific standards of financial fitness. This use of credit reports helps maintain the integrity of professional licensing by ensuring that individuals in positions of trust or financial management have a history of responsible financial behavior.

Other options may not align with the restricted permissible uses defined by the FCRA. For example, while lenders can grant loans, the purpose must fall under specific categories outlined by the FCRA, such as evaluating creditworthiness for a loan rather than "any purpose." Opening minor accounts is also regulated and typically involves additional considerations, including parental consent in some cases, limiting its permissibility. Writing insurance policies may be related to creditworthiness, but it is governed by distinct regulations and prior consent requirements. Thus, the licensing determination is the most accurate and supported by the FCRA as a permissible use for credit reports.