Source: https://www.law.cornell.edu/cfr/text/12/41.82
Timestamp: 2015-10-04 22:48:12
Document Index: 761316765

Matched Legal Cases: ['art 41', '§ 41', '§ 1', '§ 2', '§ 3', '§ 4', '§ 4', '§ 4', '§ 5', '§\u202f1', '§ 7', '§ 8', '§ 9', '§ 9', '§\u202f8', '§ 10', '§ 11', '§ 12', '§ 13', '§ 14', '§ 15', '§\u202f1', '§ 16', '§ 24', '§ 93', '§ 481', '§ 484', '§ 1818', '§ 1681', '§ 1681', '§ 1681', '§ 1681', '§ 1681', '§ 1681', '§ 1681', '§ 1681', '§ 1681']

12 CFR 41.82 - Duties of users regarding address discrepancies. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter I › Part 41 › Subpart I › Section 41.82 12 CFR 41.82 - Duties of users regarding address discrepancies.
§ 41.82
Duties of users regarding address discrepancies.
Scope. This section applies to a user of consumer reports (user) that receives a notice of address discrepancy from a consumer reporting agency described in 15 U.S.C. 1681a(p), and that is a national bank, Federal branch or agency of a foreign bank, or any of their operating subsidiaries that are not functionally regulated within the meaning of section 5(c)(5) of the Bank Holding Company Act of 1956, as amended (12 U.S.C. 1844(c)(5)).
Definition. For purposes of this section, a notice of address discrepancy means a notice sent to a user by a consumer reporting agency described in 15 U.S.C. 1681a(p) pursuant to 15 U.S.C. 1681c(h)(1), that informs the user of a substantial difference between the address for the consumer that the user provided to request the consumer report and the address(es) in the agency's file for the consumer.
Reasonable belief.—(1) Requirement to form a reasonable belief. A user must develop and implement reasonable policies and procedures designed to enable the user to form a reasonable belief that a consumer report relates to the consumer about whom it has requested the report, when the user receives a notice of address discrepancy.
Examples of reasonable policies and procedures. (i) Comparing the information in the consumer report provided by the consumer reporting agency with information the user:
Obtains and uses to verify the consumer's identity in accordance with the requirements of the Customer Identification Program (CIP) rules implementing 31 U.S.C. 5318(l) (31 CFR 1020.220);
Consumer's address.—(1) Requirement to furnish consumer's address to a consumer reporting agency. A user must develop and implement reasonable policies and procedures for furnishing an address for the consumer that the user has reasonably confirmed is accurate to the consumer reporting agency described in 15 U.S.C. 1681a(p) from whom it received the notice of address discrepancy when the user:
Examples of confirmation methods. The user may reasonably confirm an address is accurate by:
Timing. The policies and procedures developed in accordance with paragraph (d)(1) of this section must provide that the user will furnish the consumer's address that the user has reasonably confirmed is accurate to the consumer reporting agency described in 15 U.S.C. 1681a(p) as part of the information it regularly furnishes for the reporting period in which it establishes a relationship with the consumer.
[72 FR 63753, Nov. 9, 2007, as amended at 74 FR 22642, May 14, 2009; 76 FR 6688, Feb. 8, 2011]
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.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.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 1 - Office of the Comptroller of the Currency§ 2 - Comptroller of the Currency; appointment; term§ 3 - Oath of Comptroller§ 4 - Deputy Comptrollers§ 4a - Delegation of authority by Comptroller§ 4b - Deputy Comptroller for the supervision and examination of Federal savings associations§ 5, 6 - Repealed. Pub. L. 86–251, § 1(b), (c)(1), Sept. 9, 1959, 73 Stat. 487, 488§ 7 - Chief of examining division§ 8 - Clerks§ 9 - Additional examiners, clerks, and other employees§ 9a - Repealed. Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 645§ 10 - Salaries of Deputy Comptrollers, examiners, and other employees as part of bank examination expenses§ 11 - Interest in national banks§ 12 - Seal of Comptroller§ 13 - Rooms for Currency Bureau§ 14 - Report of Comptroller§ 15 - Repealed. Aug. 7, 1946, ch. 770, § 1(40, 50), 60 Stat. 869, 870§ 16 - Funding of Office§ 24 - Corporate powers of associations§ 93a - Authority to prescribe rules and regulations§ 481 - Appointment of examiners; examination of member banks, State banks, and trust companies; reports§ 484 - Limitation on visitorial powers§ 1818 - Termination of status as insured depository institution
U.S. Code: Title 15 - COMMERCE AND TRADE§ 1681a - Definitions; rules of construction§ 1681b - Permissible purposes of consumer reports§ 1681c - Requirements relating to information contained in consumer reports§ 1681m - Requirements on users of consumer reports§ 1681s - Administrative enforcement§ 1681s-2§ 1681s-3§ 1681t - Relation to State laws§ 1681w - Disposal of records