|
I. Except as authorized under paragraph II, no consumer reporting agency may make any consumer report containing any of the following items of information:
(a) Bankruptcies which, from date of adjudication of the most recent bankruptcy, antedate the report by more than 14 years.
(b) Suits and judgments which, 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.
(c) Paid tax liens which, from date of payment, antedate the report by more than 7 years.
(d) Accounts placed for collection or charged to profit and loss which antedate the report by more than 7 years.
(e) Records of arrest, indictment, or conviction of crime which, from date of disposition, release, or parole, antedate the report by more than 7 years.
(f) Any other adverse item of information which antedates the report by more than 7 years.
II. The provisions of paragraph I are not applicable in the case of any consumer credit report to be used in connection with:
(a) A credit transaction involving, or which may reasonably be expected to involve, a principal amount of $50,000 or more;
(b) The underwriting of life insurance involving, or which may reasonably be expected to involve, a face amount of $50,000 or more; or
(c) The employment of any individual at an annual salary which equals, or which may reasonably be expected to equal, $20,000 or more. |
|
DISCLAIMER Phoenix Research is a BULK provider of CURRENT, filtered and unfiltered public record information. However, under FCRA regulation, not all information available on public
records may be reportable to End User's (our Clients' client). Users of our service agree to be solely responsible for the implementation of, and strict adherence to all Federal as well as State
laws regarding the permissible purpose and usage of any information returned in any requested search result. For more information on applicable State and Federal regulation, click on the
appropriate heading for "Complete text of FCRA", "Summary of Rights", and "Notice to Users" FOR FULL DISCLAIMER INFORMATION CLICK: HERE |
