Fair Credit Reporting: Section 605(a)(3)
Section 605(a)(3) prohibits CRAs from reporting “Paid tax liens which, from date of payment, antedate the report by more than seven years.”
1. INAPPLICABILITY TO UNPAID LIENS
If a valid tax or other lien remains unsatisfied, it may be reported as long as it remains filed against the consumer because this subsection addresses only paid tax liens.253 See comment 605(a)(5)-2.