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#17967 - 05/16/02 06:55 PM FCRA - creditor furnished erroneous info
SteveG Offline
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Joined: Jul 2001
Posts: 58
I'm trying to understand what appears to be an exception to the prohibition on furnishing inaccurate info. FCRA Section 623(a)(1)(A) seems to say if you "clearly and conspicuously" provide consumers with an address for dispute notices, you are exempt from the prohibition (but would have to correct an error that is brought to your attention). The question is: where and when would you have clearly and conspicuously provided this address for notices?

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#17968 - 05/20/02 03:23 PM Re: FCRA - creditor furnished erroneous info
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,752
On the Net
I have included this in my signage workpapers:
http://www.vvm.com/~zavoina/signage.htm

J. Fair Credit Reporting Act (FCRA) requires that a consumer be allowed to notify the bank of an error their consumer report. If a notice is posted informing consumers where to direct their notice, they may not be delivered to just any employee and must be properly directed. 623(a)(1)(C)

There is more in this thread. http://www.bankersonline.com/ubbthreads/showflat.php?Cat=&Board=UBB1&Number=14589&page=21&view=collapsed&sb=5&o=93&fpart=
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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#873993 - 12/16/07 06:34 PM Re: FCRA - creditor furnished erroneous info Andy_Z
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,752
On the Net
The signage workpapers referenced above and more can be found http://www.bankersonline.com/tools/tools.html#Signage on BOL. The link above is my old personal site.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

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