Source: https://law.justia.com/codes/us/2010/title15/chap41/subchapiii/sec1681b/
Timestamp: 2019-04-25 14:30:11+00:00

Document:
Source Credit Pub. L. 90-321, title VI, §604, as added Pub. L. 91-508, title VI, §601, Oct. 26, 1970, 84 Stat. 1129; amended Pub. L. 101-73, title IX, §964(c), Aug. 9, 1989, 103 Stat. 506; Pub. L. 104-193, title III, §352, Aug. 22, 1996, 110 Stat. 2240; Pub. L. 104-208, div. A, title II, §§2403, 2404(a), (b), 2405, Sept. 30, 1996, 110 Stat. 3009-430, 3009-431, 3009-433, 3009-434; Pub. L. 105-107, title III, §311(a), Nov. 20, 1997, 111 Stat. 2255; Pub. L. 105-347, §§2, 3, 6(4), Nov. 2, 1998, 112 Stat. 3208, 3210, 3211; Pub. L. 107-306, title VIII, §811(b)(8)(A), Nov. 27, 2002, 116 Stat. 2426; Pub. L. 108-159, title II, §213(c), title IV, §§411(a), 412(f), title VIII, §811(b), Dec. 4, 2003, 117 Stat. 1979, 1999, 2003, 2011; Pub. L. 108-177, title III, §361(j), Dec. 13, 2003, 117 Stat. 2625; Pub. L. 109-351, title VII, §719, Oct. 13, 2006, 120 Stat. 1998; Pub. L. 110-161, div. D, title VII, §743, Dec. 26, 2007, 121 Stat. 2033; Pub. L. 111-24, title III, §302, May 22, 2009, 123 Stat. 1748; Pub. L. 111-203, title X, §1088(a)(2)(A), (4), July 21, 2010, 124 Stat. 2087.
(6) To the Federal Deposit Insurance Corporation or the National Credit Union Administration as part of its preparation for its appointment or as part of its exercise of powers, as conservator, receiver, or liquidating agent for an insured depository institution or insured credit union under the Federal Deposit Insurance Act [12 U.S.C. 1811 et seq.] or the Federal Credit Union Act [12 U.S.C. 1751 et seq.], or other applicable Federal or State law, or in connection with the resolution or liquidation of a failed or failing insured depository institution or insured credit union, as applicable.
(B) the consumer reporting agency provides with the report, or has previously provided, a summary of the consumer's rights under this subchapter, as prescribed by the Federal Trade Commission under section 1681g(c)(3) 1 of this title.
(ii) a description in writing of the rights of the consumer under this subchapter, as prescribed by the Federal Trade Commission under section 1681g(c)(3) 1 of this title.
(ii) If, under clause (B)(i)(IV), the consumer requests a copy of a consumer report from the person who procured the report, then, within 3 business days of receiving the consumer's request, together with proper identification, the person must send or provide to the consumer a copy of a report and a copy of the consumer's rights as prescribed by the Federal Trade Commission under section 1681g(c)(3) 1 of this title.
The term “classified information” means information that is protected from unauthorized disclosure under Executive Order No. 12958 or successor orders.
The term “national security investigation” means any official inquiry by an agency or department of the United States Government to determine the eligibility of a consumer to receive access or continued access to classified information or to determine whether classified information has been lost or compromised.
Except as provided in section 1681g(a)(5) of this title, a consumer reporting agency shall not furnish to any person a record of inquiries in connection with a credit or insurance transaction that is not initiated by a consumer.
A consumer may elect to have the consumer's name and address excluded from any list provided by a consumer reporting agency under subsection (c)(1)(B) of this section in connection with a credit or insurance transaction that is not initiated by the consumer, by notifying the agency in accordance with paragraph (2) that the consumer does not consent to any use of a consumer report relating to the consumer in connection with any credit or insurance transaction that is not initiated by the consumer.
Establishment and maintenance of a notification system (including a toll-free telephone number) and publication by a consumer reporting agency on the agency's own behalf and on behalf of any of its affiliates in accordance with this paragraph is deemed to be compliance with this paragraph by each of those affiliates.
(C) the information to be furnished pertains solely to transactions, accounts, or balances relating to debts arising from the receipt of medical services, products, or devises, where such information, other than account status or amounts, is restricted or reported using codes that do not identify, or do not provide information sufficient to infer, the specific provider or the nature of such services, products, or devices, as provided in section 1681c(a)(6) of this title.
Except as permitted pursuant to paragraph (3)(C) or regulations prescribed under paragraph (5)(A), a creditor shall not obtain or use medical information (other than medical information treated in the manner required under section 1681c(a)(6) of this title) pertaining to a consumer in connection with any determination of the consumer's eligibility, or continued eligibility, for credit.
(C) as otherwise determined to be necessary and appropriate, by regulation or order and subject to paragraph (6), by the Commission, any Federal banking agency or the National Credit Union Administration (with respect to any financial institution subject to the jurisdiction of such agency or Administration under paragraph (1), (2), or (3) of section 1681s(b) of this title,3 or the applicable State insurance authority (with respect to any person engaged in providing insurance or annuities).
Each Federal banking agency and the National Credit Union Administration shall, subject to paragraph (6) and after notice and opportunity for comment, prescribe regulations that permit transactions under paragraph (2) that are determined to be necessary and appropriate to protect legitimate operational, transactional, risk, consumer, and other needs (and which shall include permitting actions necessary for administrative verification purposes), consistent with the intent of paragraph (2) to restrict the use of medical information for inappropriate purposes.
The Federal banking agencies and the National Credit Union Administration shall issue the regulations required under subparagraph (A) in final form before the end of the 6-month period beginning on December 4, 2003.
The Federal Deposit Insurance Act, referred to in subsec. (a)(6), is act Sept. 21, 1950, ch. 967, §2, 64 Stat. 873, which is classified generally to chapter 16 (§1811 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under section 1811 of Title 12 and Tables.
The Federal Credit Union Act, referred to in subsec. (a)(6), is act June 26, 1934, ch. 750, 48 Stat. 1216, which is classified principally to chapter 14 (§1751 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see section 1751 of Title 12 and Tables.
Section 1681g(c) of this title, referred to in subsec. (b)(1)(B), (3)(A)(ii), (B)(ii), was amended generally by Pub. L. 108–159, title II, §211(c), Dec. 4, 2003, 117 Stat. 1970, and, as so amended, no longer contains a par. (3).
Executive Order No. 12958, referred to in subsec. (b)(4)(D)(i), which was formerly set out under section 435 of Title 50, War and National Defense, was revoked by Ex. Ord. No. 13526, §6.2(g), Dec. 29, 2009, 75 F.R. 731.
The Health Insurance Portability and Accountability Act of 1996, referred to in subsec. (g)(3)(B), is Pub. L. 104–191, Aug. 21, 1996, 110 Stat. 1936. For complete classification of this Act to the Code, see Short Title of 1996 Amendments note set out under section 201 of Title 42, The Public Health and Welfare, and Tables.
Section 1179 of such Act, referred to in subsec. (g)(3)(B), probably means section 1179 of the Social Security Act, as added by section 262(a) of Pub. L. 104–191, title II, Aug. 21, 1996, 110 Stat. 2030, which is classified to section 1320d–8 of Title 42, The Public Health and Welfare.
2009—Subsec. (c)(1)(B)(iv). Pub. L. 111–24 added cl. (iv).
2007—Subsec. (a)(3)(G). Pub. L. 110–161 added subpar. (G).
2006—Subsec. (a)(6). Pub. L. 109–351 added par. (6).
2003—Subsec. (a). Pub. L. 108–159, §811(b), realigned margins.
“(D) Report to the congress.—Except as provided in subparagraph (E), not later than January 31 of each year, the head of each agency and department of the United States Government that exercised authority under this paragraph during the preceding year shall submit a report to the Congress on the number of times the department or agency exercised such authority during the year.
Subsec. (e)(3)(A), (4)(B)(i). Pub. L. 108–159, §213(c), substituted “5-year period” for “2-year period”.
Subsec. (g)(1). Pub. L. 108–159, §412(f)(1), inserted “(other than medical contact information treated in the manner required under section 1681c(a)(6) of this title)” after “a consumer report that contains medical information” in introductory provisions.
Subsec. (g)(2). Pub. L. 108–159, §412(f)(2), inserted “(other than medical information treated in the manner required under section 1681c(a)(6) of this title)” after “a creditor shall not obtain or use medical information”.
2002—Subsec. (b)(4)(D). Pub. L. 107–306, §811(b)(8)(A)(i), substituted “Except as provided in subparagraph (E), not later than” for “Not later than”.
Subsec. (b)(4)(E), (F). Pub. L. 107–306, §811(b)(8)(A)(ii), (iii), added subpar. (E) and redesignated former subpar. (E) as (F).
1998—Subsec. (b)(1)(B). Pub. L. 105–347, §3, inserted “, or has previously provided,” before “a summary”.
Subsec. (g). Pub. L. 105–347, §6(4), struck out “or a direct marketing transaction” after “or insurance transaction”.
1997—Subsec. (b)(4). Pub. L. 105–107 added par. (4).
Subsec. (b). Pub. L. 104–208, §2403(b), added subsec. (b).
Subsecs. (c) to (e). Pub. L. 104–208, §2404(a)(2), added subsecs. (c) to (e).
Subsec. (f). Pub. L. 104–208, §2404(b), added subsec. (f).
Subsec. (g). Pub. L. 104–208, §2405, added subsec. (g).
Pars. (4), (5). Pub. L. 104–193 added pars. (4) and (5).
1989—Par. (1). Pub. L. 101–73 inserted “, or a subpoena issued in connection with proceedings before a Federal grand jury” before period at end.
Amendment by Pub. L. 108–177 effective Dec. 31, 2003, see section 361(n) of Pub. L. 108–177, set out as a note under section 1611 of Title 10, Armed Forces.
Amendment by section 411 of Pub. L. 108–159 effective at end of 180-day period beginning on Dec. 4, 2003, with certain exceptions, see section 411(d) of Pub. L. 108–159, set out as an Effective Date of 2003 Amendment note under section 1681a of this title.
For effective date of amendment by Pub. L. 104–193, see section 395(a)–(c) of Pub. L. 104–193, set out as a note under section 654 of Title 42, The Public Health and Welfare.
3 So in original. A closing parenthesis probably should precede the comma.

References: §604
 §601
 §964
 §352
 §311
 §811
 §213
 §811
 §361
 §719
 §743
 §302
 §1088
 §2
 §211
 §6
 §811
 §213
 §412
 §412
 §811
 §811
 §3
 §6
 §2403
 §2404
 §2404
 §2405