Calif. State Credit Laws

Discussion in 'Credit Talk' started by Tuit, Jun 19, 2001.

  1. Tuit

    Tuit Well-Known Member

  2. Jim

    Jim Well-Known Member

    Many Thanks as I live in California and plan to use some of this info in regard to my credit reports.
  3. VJ

    VJ Well-Known Member

    This part is interesting regarding California law;

    1786.50. (a) Any investigative consumer reporting agency or user of information that fails to comply with any requirement under this title with respect to an investigative consumer report is liable to the consumer who is the subject of the report in an amount equal to the sum of all the following:
    (1) Any actual damages sustained by the consumer as a result of the failure or, except in the case of class actions, two thousand five hundred dollars ($2,500), whichever sum is GREATER, and
    (2) In the case of any successful action to enforce any liability under this chapter, the costs of the action together with reasonable attorney's fees as determined by the court.
    (b) If the court determines that the violation was grossly
    negligent or willful, the court may, in addition, assess, and the
    consumer may recover, punitive damages.

  4. Tuit

    Tuit Well-Known Member

    Your Welcome Jim
  5. Jim

    Jim Well-Known Member

    Thanks VJ!

    One of the biggest credit card companies in the U.S. put a bogus inquiry on 1 of my credit reports.

    I E-mailed a complaint to them and today they politely responded back to me. Tomorrow, I will have a telephone discussion with the rep.

    The conversation will be polite and because the inquiry is bogus, I expect she will remove it immediately. However...

    Just in case, I printed out your post for reference.

  6. nursie

    nursie Well-Known Member

    Yep, me too! Thanks, VJ!!!!
    I wonder if denial of car loan/credit card counts as 'damages'?

Share This Page