FCRA Question

Discussion in 'Credit Talk' started by CYA, Jan 1, 2002.

  1. CYA

    CYA Well-Known Member

    Douse anybody know exactly where it states that if a consumer demands the means by which a CRA has verified a tradeline, that it must do so within 5 days?
     
  2. mel

    mel Well-Known Member


    Section 611 (a) (7) of the FCRA states that a CRA must provide, within 15 days of request by the consumer, a description of the procedure used to determine the accuracy and completeness of the information.

    What the CRA's must do within 5 days of completion of an investigaion is send you a notice stating that the description of the procedure can be provided to you, upon request.

    Hope this helps.
     
  3. CYA

    CYA Well-Known Member

    Thanks mel!
     

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