More NY FCRA LONG!

Discussion in 'Credit Talk' started by tina67, Mar 23, 2002.

  1. tina67

    tina67 Well-Known Member

    This was from http:assembly.state.ny.us/leg

    (f) (1) Except as authorized under paragraph two of this
    subdivision, no consumer reporting agency may make any consumer report
    containing any of the following items of information. (i)
    bankruptcies which, from date of adjudication of the most recent
    bankruptcy, antedate the report by more than fourteen years;
    (ii) judgements which, from date of entry, antedate the report by
    more than seven years or until the governing statute of limitations
    has expired, whichever is the longer period; or judgments which, from
    date of entry, having been satisfied within a five year period from
    such entry date, shall be removed from the report five years after
    such entry date;
    (iii) paid tax liens which, from date of payment, antedate the
    report by more than seven years or, a paid, satisfied or vacated tax
    lien involving a purchaser, transferee or assignee in a bulk sale
    transaction who has been deemed liable by the state tax commission for
    sales taxes due from a seller, transferrer or assignor under
    subdivision (c) of section eleven hundred forty-one of the tax law,
    where the receipt by a credit reporting agency from such purchaser,
    transferee or assignee of a notice, or true copy thereof, from the
    state tax commission to such purchaser, transferee or assignee that
    his liability has been wholly paid or satisfied or no longer exists,
    antedates the report by more than thirty days;
    (iv) accounts placed for collection or charged to profit and loss
    which antedate the report by more than seven years; or accounts placed
    for collection or charged to profit and loss, which have been paid and
    which antedate the report by more than five years;
    (v) records of conviction of crime which, from date of disposition,
    release, or parole, antedate the report by more than seven years;
    (vi) information regarding drug or alcoholic addiction where the
    last reported incident relating to such addiction antedates the
    consumer report or investigative consumer report by more than seven
    years;
    (vii) information relating to past confinement in a mental
    institution where the date of last confinement antedates the report by
    more than seven years; or
    (viii) any other adverse information which antedates the report by
    more than seven years.
     

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