Rearrange Pages In Legal Arizona Fair Credit Reporting Forms For Free

15 U.S. Code § 1681s?2 - Responsibilities of furnishers of information to consumer reporting agencies. A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate.

[15 U.S.C. § 1681] (1) The banking system is dependent upon fair and accurate credit report- ing. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system.

§ 1681s-2(b), which requires a ?creditor who has been notified by a [CRA] that a consumer has disputed information furnished by that creditor? to investigate the dispute, ?`report the results of the investigation to the consumer reporting agency,'? and, if any information was inaccurate, report the results of the ...

The statute of limitations for bringing an action for a violation of the FCRA is two years from the date of discovery of the violation by the consumer, although the action must be brought within five years of the date of the actual violation.

It gives consumers the right to one free credit report a year from the credit reporting agencies, and consumers may also purchase, for a reasonable fee, a credit score along with information about how the credit score is calculated.

§ 1681e(b) of the federal Fair Credit Reporting Act. The FCRA requires consumer reporting agencies, such as Equifax, to follow reasonable procedures when preparing a credit report.