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#217635 - 07/29/04 09:25 PM FCRA Compliance Date
SMQ, CRCM Offline
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Does anyone know what the mandatory compliance date for the FCRA notice might be? This is the notice that "We may report negative info about you.....
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#217636 - 07/29/04 09:30 PM Re: FCRA Compliance Date
Andy_Z Offline
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See below. This doesn't make as much sense now.
Last edited by Andy Z; 07/29/04 09:39 PM.
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#217637 - 07/29/04 09:38 PM Re: FCRA Compliance Date
Andy_Z Offline
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Well I just got OCC 2004-35 on this, "Although the statutory requirement to provide a notice will not be effective until December 1, 2004, financial institutions have the option to provide a notice prior to that date."
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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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#217638 - 07/29/04 09:40 PM Re: FCRA Compliance Date
Reg Wrecker Offline
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Kentucky
I actually have instructed our collections area to start using this effect July 1.
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#217639 - 07/29/04 10:08 PM Re: FCRA Compliance Date
SMQ, CRCM Offline
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Between the lines
Thanks, guys. And, oh so quick!!
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