Source: http://www.lawserver.com/law/state/maine/me-statutes/maine_revised_statutes_title_10_1313-b
Timestamp: 2013-05-22 10:31:17
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Matched Legal Cases: ['§ 1313', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', '§12', 'art 334', 'art 571', 'art 717', 'art 602', 'art 603', 'art 604', 'art 610', 'art 611', 'art 613', 'art 614', 'art 642', 'art 680']

Maine Revised Statutes Title 10 Sec. 1313-B - Requirements Relating To Information Contained In Consumer Reports :: Lawserver LawServer - Laws, Legal Information and Lawyers
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Maine Revised Statutes Title 10 Sec. 1313-B - Requirements Relating To Information Contained In Consumer Reports Maine Revised Statutes > Title 10 > Chapter 210 > § 1313-B - Requirements Relating To Information Contained In Consumer ReportsCurrent as of: 2010Check for updates 1. Information excluded from consumer reports; prohibited items. Except as authorized under subsection 2, a consumer reporting agency may not make any consumer reports containing any of the following items of information: A. Cases under federal law, Title 11 or under the federal 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; [ 2001, c. 371, §12 (NEW) .] B. Civil suits, civil judgments and records of arrest that, from date of entry, antedate the report by more than 7 years or until the governing statute of limitations has expired, whichever is the longer period; [ 2001, c. 371, §12 (NEW) .] C. Paid tax liens that, from date of payment, antedate the report by more than 7 years; [ 2001, c. 371, §12 (NEW) .] D. Accounts placed for collection or charged to profit and loss that antedate the report by more than 7 years; or [ 2001, c. 371, §12 (NEW) .] E. Any other adverse item of information, other than records of conviction of crimes, that antedates the report by more than 7 years. [ 2001, c. 371, §12 (NEW) .] [ 2001, c. 371, §12 (NEW) .] 2. Exempted cases. The provisions of subsection 1 are not applicable in the case of any consumer credit report to be used in connection with: A. A credit transaction involving, or that may reasonably be expected to involve, a principal amount of $150,000 or more; [ 2001, c. 371, §12 (NEW) .] B. The underwriting of life insurance involving, or that may reasonably be expected to involve, a face amount of $150,000 or more; or [ 2001, c. 371, §12 (NEW) .] C. The employment of any individual at an annual salary that equals, or that may reasonably be expected to equal, $75,000 or more. [ 2001, c. 371, §12 (NEW) .] [ 2001, c. 371, §12 (NEW) .] 3. Running of reporting period. The reporting period for consumer reports runs as follows. A. The 7-year period referred to in subsection 1, paragraphs D and E begins with respect to any delinquent account that is placed for collection, internally or by referral to a 3rd party, whichever is earlier, charged to profit and loss or subjected to any similar action upon the expiration of a 180-day period beginning on the date of the commencement of the delinquency that immediately preceded the collection activity, charge to profit and loss or similar action. [ 2001, c. 371, §12 (NEW) .] B. Paragraph A applies only to items of information added to the file of a consumer on or after December 30, 1997. [ 2001, c. 371, §12 (NEW) .] [ 2001, c. 371, §12 (NEW) .] 4. Information required to be disclosed. Any consumer reporting agency that furnishes a consumer report that contains information regarding any case involving a consumer that arises under federal law or Title 11 shall include in the report an identification of the chapter of Title 11 under which the case arises if provided by the source of the information. If any case arising or filed under Title 11 is withdrawn by the consumer before a final judgment, the consumer reporting agency shall include in the report that the case or filing was withdrawn upon receipt of documentation certifying the withdrawal. [ 2001, c. 371, §12 (NEW) .] 5. Indication of closure of account by consumer. If a consumer reporting agency is notified pursuant to section 1320-A, subsection 4 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. [ 2001, c. 371, §12 (NEW) .] 6. Indication of dispute by consumer. If a consumer reporting agency is notified pursuant to section 1320-A, subsection 3 that information regarding a consumer that 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. [ 2001, c. 371, §12 (NEW) .] SECTION HISTORY 2001, c. 371, §12 (NEW) . Previous sectionChapter 210 Table of ContentsNext section ________________________________________________________________________
Questions & Answers: Credit Reporting What I don't understand is, when your credit score is so vital for major life decisions and they method for calculating is relatively secret, why individuals have to pay money to f... I want to know more about this article. I agree with Dianne.... appreciate being able to see once a year... How do I access the state of TN laws?...See also: Maine Revised Statutes > Title 10 > Chapter 210 - Fair Credit Reporting ActU.S. Code Provisions: Credit Reporting U.S. Code Title 15 > Chapter 41 > Subchapter III - Credit Reporting AgenciesFederal Regulations: Credit Reporting CFR > Title 12 > Chapter III > Part 334 - Fair credit reporting CFR > Title 12 > Chapter V > Part 571 - Fair Credit Reporting CFR > Title 12 > Chapter VII > Part 717 - Fair credit reporting CFR > Title 16 > Chapter I > Part 602 - Fair and Accurate Credit Transactions Act of 2003 CFR > Title 16 > Chapter I > Part 603 - Definitions CFR > Title 16 > Chapter I > Part 604 - Fair Credit Reporting Act rules CFR > Title 16 > Chapter I > Part 610 - Free annual file disclosures CFR > Title 16 > Chapter I > Part 611 - Prohibition against circumventing treatment as a nationwide consumer reporting agency CFR > Title 16 > Chapter I > Part 613 - Duration of active duty alerts CFR > Title 16 > Chapter I > Part 614 - Appropriate proof of identity CFR > Title 16 > Chapter I > Part 642 - Prescreen opt-out notice CFR > Title 16 > Chapter I > Part 680 - Affiliate marketing Bookmark Comments (0)