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Fair Credit Reporting: 12 C.F.R. § 1022.70 Scope.
(a) Coverage.
(1) In general. This subpart applies to any person, except for a person excluded from coverage of this part by section 1029 of the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 137, that both:
Fair Credit Reporting: 12 C.F.R. § 1022.71 Definitions.
For purposes of this subpart, the following definitions apply:
(a) Adverse action has the same meaning as in 15 U.S.C. 1681a(k)(1)(A).
(b) Annual percentage rate has the same meaning as in 12 C.F.R. 1026.14(b) with respect to an open-end credit plan and as in 12 C.F.R. 1026.22 with respect to closed-end credit.
(c) Closed-end credit has the same meaning as in 12 C.F.R. 1026.2(a)(10).
Fair Credit Reporting: 12 C.F.R. § 1022.72 General requirements for risk-based pricing notices.
(a) In general. Except as otherwise provided in this subpart, a person must provide to a consumer a notice (“risk-based pricing notice”) in the form and manner required by this subpart if the person both:
(1) Uses a consumer report in connection with an application for, or a grant, extension, or other provision of, credit to that consumer that is primarily for personal, family, or household purposes; and
Fair Credit Reporting: 12 C.F.R. § 1022.73 Content, form, and timing of risk-based pricing notices.
(a) Content of the notice.
(1) In general. The risk-based pricing notice required by § 1022.72(a) or (c) must include:
(i) A statement that a consumer report (or credit report) includes information about the consumer’s credit history and the type of information included in that history;
(ii) A statement that the terms offered, such as the annual percentage rate, have been set based on information from a consumer report;
Fair Credit Reporting: 12 C.F.R. § 1022.74 Exceptions.
(a) Application for specific terms.
Fair Credit Reporting: 12 C.F.R. § 1022.75 Rules of construction.
For purposes of this subpart, the following rules of construction apply:
Fair Credit Reporting: 12 C.F.R. § 1022.82 Duties of users regarding address discrepancies.
(a) 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), except for a person excluded from coverage of this part by section 1029 of the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 137.
Fair Credit Reporting: 12 C.F.R. § 1022.121 Active duty alerts.
(a) Duration. The duration of an active duty alert shall be twelve months.
Fair Credit Reporting: 12 C.F.R. § 1022.123 Appropriate proof of identity.
(a) Consumer reporting agencies shall develop and implement reasonable requirements for what information consumers shall provide to constitute proof of identity for purposes of sections 605A, 605B, and 609(a)(1) of the FCRA. In developing these requirements, the consumer reporting agencies must:
(1) Ensure that the information is sufficient to enable the consumer reporting agency to match consumers with their files; and
Fair Credit Reporting: 12 C.F.R. § 1022.130 Definitions.
For purposes of this subpart, the following definitions apply:
(a) Annual file disclosure means a file disclosure that is provided to a consumer, upon consumer request and without charge, once in any twelve month period, in compliance with section 612(a) of the FCRA, 15 U.S.C. 1681j(a).
(b) Associated consumer reporting agency means a consumer reporting agency that owns or maintains consumer files housed within systems operated by one or more nationwide consumer reporting agencies.
Fair Credit Reporting: 12 C.F.R. § 1022.136 Centralized source for requesting annual file disclosures from nationwide consumer reporting agencies.
(a) Purpose. The purpose of the centralized source is to enable consumers to make a single request to obtain annual file disclosures from all nationwide consumer reporting agencies, as required under section 612(a) of the FCRA, 15 U.S.C. 1681j(a).
(b) Establishment and operation. All nationwide consumer reporting agencies shall jointly design, fund, implement, maintain, and operate a centralized source for the purpose described in Paragraph (a) of this section. The centralized source required by this part shall:
Fair Credit Reporting: 12 C.F.R. § 1022.137 Streamlined process for requesting annual file disclosures from nationwide specialty consumer reporting agencies.
(a) Streamlined process requirements. Any nationwide specialty consumer reporting agency shall have a streamlined process for accepting and processing consumer requests for annual file disclosures. The streamlined process required by this part shall:
(1) Enable consumers to request annual file disclosures by a toll-free telephone number that:
Fair Credit Reporting: 12 C.F.R. § 1022.138 Prevention of deceptive marketing of free credit reports.
(a) For purposes of this section:
(1) AnnualCreditReport.com and (877) 322–8228 means the Uniform Resource Locator address “AnnualCreditReport.com” and toll-free telephone number, (877) 322–8228. These are the locator address and toll-free telephone number currently used by the centralized source. If the locator address or toll-free telephone number changes in the future, the new address or telephone number shall be substituted within a reasonable time.
Fair Credit Reporting: 12 C.F.R. § 1022.140 Prohibition against circumventing or evading treatment as a consumer reporting agency.
(a) A consumer reporting agency shall not circumvent or evade treatment as a “consumer reporting agency that compiles and maintains files on consumers on a nationwide basis,” as defined under section 603(p) of the FCRA, 15 U.S.C. 1681a(p), by any means, including, but not limited to:
(1) Corporate organization, reorganization, structure, or restructuring, including merger, acquisition, dissolution, divestiture, or asset sale of a consumer reporting agency; or
Fair Credit Reporting: 12 C.F.R. § 1022.141 Reasonable charges for certain disclosures.
Pursuant to section 612(f) of the FCRA, 15 U.S.C. 1681j(f), the charge imposed by a consumer reporting agency for a disclosure to the consumer pursuant to section 609 of the FCRA, 15 U.S.C. 1681g, shall not exceed the maximum allowable charge set by the Bureau.
[84 Fed. Reg. 517 (Jan. 31, 2019)]
Fair Credit Reporting: 12 C.F.R. § 1022.142 Prohibition on inclusion of adverse information in consumer reporting in cases of human trafficking.
(a) Scope. This section applies to any consumer reporting agency as defined in section 603(f) of the FCRA, 15 U.S.C. 1681a(f).
(b) Definitions. For purposes of this section: