148 
‘‘(A) the person does not represent, 
expressly or by implication, that such 
person— 
‘‘(i) will or can modify or re-
move, or assist the consumer in 
modifying or removing, adverse in-
formation that is accurate and 
not obsolete in the consumer’s 
credit report; or 
‘‘(ii) will or can alter, or assist 
the consumer in altering, the con-
sumer’s identification to prevent 
the display of the consumer’s cred-
it record, history, or rating for the 
purpose of concealing adverse in-
formation that is accurate and 
not obsolete; 
‘‘(B) in any case in which the per-
son represents, expressly or by impli-
cation, that it will or can modify or 
remove, or assist the consumer in 
modifying or removing, any informa-
tion in the consumer’s credit report, 
except for a representation with re-
spect to any requirement imposed on 
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149 
the person under section 611 or 623(b) 
of the Fair Credit Reporting Act, the 
person discloses, clearly and conspicu-
ously, before the consumer pays or 
agrees to pay any money or other valu-
able consideration to such person, 
whichever occurs first, the following 
statement: 
‘‘ ‘NOTICE: 
Neither 
you 
nor anyone else has the right 
to have accurate and current 
information 
removed 
from 
your credit report. If informa-
tion in your report is inac-
curate, you have the right to 
dispute it by contacting the 
credit bureau directly.’; 
‘‘(C) the person provides the con-
sumer in writing with the following 
statement 
before 
any 
contract 
or 
agreement between the consumer and 
the person is executed: 
‘‘ ‘Your 
Rights 
Concerning 
Your Consumer Credit File 
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‘‘ ‘You have a right to obtain a 
free copy of your credit report once 
every 12 months from each of the 
nationwide 
consumer 
reporting 
agencies. To request your free an-
nual credit report, you may go to 
www.annualcreditreport.com, 
or 
call 877–322–8228, or complete the 
Annual 
Credit 
Report 
Request 
Form and mail it to: Annual Cred-
it Report Request Service, P.O. 
Box 105281, Atlanta, GA 30348– 
5281. You can obtain additional 
copies of your credit report from a 
credit bureau, for which you may 
be charged a reasonable fee. There 
is no fee, however, if you have been 
turned down for credit, employ-
ment, 
insurance, 
or 
a 
rental 
dwelling because of information 
in your credit report within the 
preceding 60 days. The credit bu-
reau must provide someone to help 
you interpret the information in 
your credit file. You are entitled to 
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151 
receive a free copy of your credit 
report if you are unemployed and 
intend to apply for employment in 
the next 60 days, if you are a re-
cipient of public welfare assist-
ance, or if you have reason to be-
lieve that there is inaccurate in-
formation in your credit report 
due to fraud. 
‘‘ ‘You have the right to cancel 
your contract with a credit moni-
toring service without fee or pen-
alty at any time, and in the case 
in which you have prepaid for a 
credit monitoring service, you are 
entitled to a pro rata refund for 
the remaining term of the credit 
monitoring service. 
‘‘ ‘The Federal Trade Commis-
sion regulates credit bureaus and 
credit monitoring services. For 
more information contact: 
‘‘ ‘Federal Trade Commission 
‘‘ ‘Washington, D.C. 20580 
‘‘ ‘1–877–FTC-HELP 
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‘‘ ‘www.ftc.gov.’; and 
‘‘(D) in any case in which the per-
son offers a subscription to a credit 
file monitoring program to a con-
sumer, the consumer may cancel the 
subscription at any time upon written 
notice to the person without penalty 
or fee for such cancellation and, in 
any case in which the consumer is 
billed for the subscription on other 
than a monthly basis, within 60 days 
of receipt of the consumer’s notice of 
cancellation, the person shall make a 
pro rata refund to the consumer of a 
subscription fee prepaid by the con-
sumer, calculated from the date that 
the person receives the consumer’s no-
tice of cancellation until the end of 
the subscription period.’’. 
(b) CLARIFICATION OF NONEXEMPT STATUS.— 
Section 403(a) of the Credit Repair Organiza-
tions Act (15 U.S.C. 1679a) (as so redesignated 
by subsection (a) of this section) is amended, 
in paragraph (3)(B)(i), by inserting ‘‘and is not 
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