Source: http://www2.law.cornell.edu/uscode/text/15/1681c
Timestamp: 2013-12-11 06:39:25
Document Index: 430007913

Matched Legal Cases: ['§ 1681', '§ 1681', '§ 1681', '§ 605', '§ 601', '§ 312', '§ 2406', '§ 5', '§ 113', '§ 212', '§ 315', '§ 412', '§ 811', '§ 1088', '§ 1088', '§ 811', '§ 811', '§ 5', '§ 412', '§ 412', '§ 212', '§ 113', '§ 315', '§ 5', '§ 811', '§ 5', '§ 2406', '§ 2406', '§ 2406', '§ 2406', '§ 2406', '§ 2406', '§ 811', 'art 41', 'art 222', 'art 334', 'art 571', 'art 717', 'art 641']

15 USC § 1681c - Requirements relating to information contained in consumer reports | Title 15 - Commerce and Trade | U.S. Code | LII / Legal Information Institute
USC › Title 15 › Chapter 41 › Subchapter III › § 1681c	prevnext
15 USC § 1681c - Requirements relating to information contained in consumer reports
Title 11 information
Key factor in credit score information
Any consumer reporting agency that furnishes a consumer report that contains any credit score or any other risk score or predictor on any consumer shall include in the report a clear and conspicuous statement that a key factor (as defined in section 1681g
(f)(2)(B) of this title) that adversely affected such score or predictor was the number of enquiries, if such a predictor was in fact a key factor that adversely affected such score. This paragraph shall not apply to a check services company, acting as such, which issues authorizations for the purpose of approving or processing negotiable instruments, electronic fund transfers, or similar methods of payments, but only to the extent that such company is engaged in such activities.
Indication of closure of account by consumer
If a consumer reporting agency is notified pursuant to section 1681s–2
(a)(4) of this title that a credit account of a consumer was voluntarily closed by the consumer, the agency shall indicate that fact in any consumer report that includes information related to the account.
Indication of dispute by consumer
(a)(3) of this title that information regarding a consumer who [1]
was furnished to the agency is disputed by the consumer, the agency shall indicate that fact in each consumer report that includes the disputed information.
Truncation of credit card and debit card numbers
3 years after December 4, 2003, with respect to any cash register or other machine or device that electronically prints receipts for credit card or debit card transactions that is in use before January 1, 2005; and
1 year after December 4, 2003, with respect to any cash register or other machine or device that electronically prints receipts for credit card or debit card transactions that is first put into use on or after January 1, 2005.
Notice of discrepancy in address
If a person has requested a consumer report relating to a consumer from a consumer reporting agency described in section 1681a
(p) of this title, the request includes an address for the consumer that substantially differs from the addresses in the file of the consumer, and the agency provides a consumer report in response to the request, the consumer reporting agency shall notify the requester of the existence of the discrepancy.
The Bureau shall,,
in consultation with the Federal banking agencies, the National Credit Union Administration, and the Federal Trade Commission,,
prescribe regulations providing guidance regarding reasonable policies and procedures that a user of a consumer report should employ when such user has received a notice of discrepancy under paragraph (1).
Policies and procedures to be included
to form a reasonable belief that the user knows the identity of the person to whom the consumer report pertains; and
if the user establishes a continuing relationship with the consumer, and the user regularly and in the ordinary course of business furnishes information to the consumer reporting agency from which the notice of discrepancy pertaining to the consumer was obtained, to reconcile the address of the consumer with the consumer reporting agency by furnishing such address to such consumer reporting agency as part of information regularly furnished by the user for the period in which the relationship is established.
(Pub. L. 90–321, title VI, § 605, as added Pub. L. 91–508, title VI, § 601,Oct. 26, 1970, 84 Stat. 1129; amended Pub. L. 95–598, title III, § 312(b),Nov. 6, 1978, 92 Stat. 2676; Pub. L. 104–208, div. A, title II, § 2406(a)–(e)(1), Sept. 30, 1996, 110 Stat. 3009–434, 3009–435; Pub. L. 105–347, § 5,Nov. 2, 1998, 112 Stat. 3211; Pub. L. 108–159, title I, § 113, title II, § 212(d), title III, § 315, title IV, § 412(b), (c), title VIII, § 811(c)(1), (2)(A),Dec. 4, 2003, 117 Stat. 1959, 1977, 1996, 2002, 2011; Pub. L. 111–203, title X, § 1088(a)(2)(D), (5),July 21, 2010, 124 Stat. 2087.)
2010—Subsec. (h)(2)(A). Pub. L. 111–203, § 1088(a)(5), substituted “, in consultation with the Federal banking agencies, the National Credit Union Administration, and the Federal Trade Commission,” for “with respect to the entities that are subject to their respective enforcement authority under section 1681s of this title”.
2003—Subsec. (a)(1). Pub. L. 108–159, § 811(c)(1), substituted “(1) Cases” for “(1) cases”.
Subsec. (a)(2). Pub. L. 108–159, § 811(c)(2)(A), made technical correction to directory language of Pub. L. 105–347, § 5(1). See 1998 Amendment note below.
Subsec. (a)(6). Pub. L. 108–159, § 412(b), added par. (6).
Subsec. (b). Pub. L. 108–159, § 412(c), substituted “The provisions of paragraphs (1) through (5) of subsection (a)” for “The provisions of subsection (a)” in introductory provisions.
Subsec. (d). Pub. L. 108–159, § 212(d), designated existing provisions as par. (1), inserted heading, and added par. (2).
Subsec. (g). Pub. L. 108–159, § 113, added subsec. (g).
Subsec. (h). Pub. L. 108–159, § 315, added subsec. (h).
1998—Subsec. (a)(2). Pub. L. 105–347, § 5(1), as amended by Pub. L. 108–159, § 811(c)(2)(A), substituted “Civil suits, civil judgments, and records of arrest that” for “Suits and judgments which”.
Subsec. (a)(5), (6). Pub. L. 105–347, § 5(2)–(4), redesignated par. (6) as (5), inserted “, other than records of convictions of crimes” after “of information”, and struck out former par. (5) which read as follows: “Records of arrest, indictment, or conviction of crime which, from date of disposition, release, or parole, antedate the report by more than seven years.”
1996—Pub. L. 104–208, § 2406(e)(1), amended section catchline.
Subsec. (a). Pub. L. 104–208, § 2406(a)(1), inserted heading.
Subsec. (b). Pub. L. 104–208, § 2406(a)(2), substituted “$150,000” for “$50,000” in pars. (1) and (2) and “$75,000” for “$20,000” in par. (3).
Subsec. (c). Pub. L. 104–208, § 2406(b), added subsec. (c).
Subsec. (d). Pub. L. 104–208, § 2406(c), added subsec. (d).
Subsecs. (e), (f). Pub. L. 104–208, § 2406(d), added subsecs. (e) and (f).
1978—Subsec. (a)(1). Pub. L. 95–598substituted “cases under title 11 or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years” for “Bankruptcies which, from date of adjudication of the most recent bankruptcy, antedate the report by more than fourteen years”.
Amendment by section 412 ofPub. L. 108–159effective at end of 15-month period beginning on Dec. 4, 2003, see section 412(g) ofPub. L. 108–159, set out as a note under section 1681b of this title.
Pub. L. 108–159, title VIII, § 811(c)(2)(B),Dec. 4, 2003, 117 Stat. 2011, provided that: “The amendment made by subparagraph (A) [amending this section] shall be deemed to have the same effective date as section 5(1) ofPublic Law 105–347 (112 Stat. 3211) [see Effective Date of 1998 Amendment note below].”
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.12 CFR - Banks and Banking12 CFR Part 41 - FAIR CREDIT REPORTING12 CFR Part 222 - FAIR CREDIT REPORTING (REGULATION V)12 CFR Part 334 - FAIR CREDIT REPORTING12 CFR Part 571 - FAIR CREDIT REPORTING12 CFR Part 717 - FAIR CREDIT REPORTING
16 CFR - Commercial Practices16 CFR 1 - GENERAL PROCEDURES16 CFR Part 641 - DUTIES OF USERS OF CONSUMER REPORTS REGARDING ADDRESS DISCREPANCIES