Definitions.

CFR · 2024-01-01 · US · Title 12

For purposes of this subpart and appendix E of this part, the following definitions apply: (a) (1) Reflects the terms of and liability for the account or other relationship; (2) Reflects the consumer's performance and other conduct with respect to the account or other relationship; and (3) Identifies the appropriate consumer. (b) (c) (1) Provides information to a consumer reporting agency solely to obtain a consumer report in accordance with sections 604(a) and (f) of the FCRA; (2) Is acting as a “consumer reporting agency” as defined in section 603(f) of the FCRA; (3) Is a consumer to whom the furnished information pertains; or (4) Is a neighbor, friend, or associate of the consumer, or another individual with whom the consumer is acquainted or who may have knowledge about the (d) (1) Is substantiated by the furnisher's records at the time it is furnished; (2) Is furnished in a form and manner that is designed to minimize the likelihood that the information may be incorrectly reflected in a consumer report; and (3) Includes the information in the furnisher's possession about the account or other relationship that the Bureau has: (i) Determined that the absence of which would likely be materially misleading in evaluating a consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living; and (ii) Listed in section I(b)(2)(iii) of appendix E of this part.

official document · source cfr-2024 · id 12:§ 1022.41