FCRA liabiliteis

Discussion in 'Credit Talk' started by jason_l, Mar 16, 2003.

  1. jason_l

    jason_l Well-Known Member

    § 616. Civil liability for willful noncompliance : has a few blurbs about fines for violations, caps at $1000 plus atty fees, punitive, etc...

    but then:

    § 621. Administrative enforcement: 2500 per violation, but basicly furnishers of information aren't imposed a cilvil penalty unless they have a track record of these violations.

    (OK, oversimplified but the basics of the sections are enough I believe)

    I'm really lost here.. Does 621 apply only under FTC enforcement?
     
  2. jlynn

    jlynn Well-Known Member

    I don't know if its ONLY the FTC, but its not for individuals.
     

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