Assembly Bill No. 157–Assemblyman Parks

 

February 15, 2001

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Referred to Committee on Commerce and Labor

 

SUMMARY—Prohibits reporting agencies from imposing charge to provide consumer reports and related information under certain circumstances. (BDR 52‑612)

 

FISCAL NOTE:            Effect on Local Government: No.

                                    Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to consumer reports; prohibiting reporting agencies from imposing a charge to provide consumer reports and related information under certain circumstances; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. Chapter 598C of NRS is hereby amended by adding thereto

1-2  a new section to read as follows:

1-3    1.  Except as otherwise provided in subsection 2, a reporting agency

1-4  shall not impose a charge for:

1-5    (a) Providing a copy of a consumer report relating to a consumer if

1-6  the consumer makes a request for the copy within 60 days after the date

1-7  on which any adverse action is taken with respect to the consumer.

1-8    (b) Notifying any person designated by a consumer in accordance

1-9  with the Fair Credit Reporting Act, 15 U.S.C. § 1681i, as amended, of the

1-10  deletion of information contained in the file of the consumer that is

1-11  found to be inaccurate or can no longer be verified.

1-12    (c) Providing instructions explaining the information presented in a

1-13  consumer report.

1-14    (d) Providing a letter of disclosure concerning the file of a consumer

1-15  to a consumer upon his request if:

1-16      (1) The reporting agency has received three or more inquiries

1-17  concerning the credit of the consumer; or

1-18      (2) The reporting agency has received a report that would add

1-19  negative information to the file of the consumer.

1-20    2.  A reporting agency need only send one letter of disclosure

1-21  concerning the files of a consumer to the consumer per calendar year

1-22  pursuant to paragraph (d) of subsection 1, even if more than one of the

1-23  events described in paragraph (d) of subsection 1 occur during that

2-1  period. If the consumer requests more than one such letter of disclosure

2-2  in a calendar year, the reporting agency may charge the consumer not

2-3  more than $8 for each additional letter of disclosure.

 

2-4  H