Disposal of consumer information.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) Burning, pulverizing, or shredding papers containing consumer information so that the information cannot practicably be read or reconstructed. (2) Destroying or erasing electronic media containing consumer information so that the information cannot practicably be read or reconstructed. (c) (1) Require you to maintain or destroy any record pertaining to a consumer that is not imposed under any other law; or (2) Alter or affect any requirement imposed under any other provision of law to maintain or destroy such a record. (d) (1) (i) (A) A consumer report that you obtain; (B) Information from a consumer report that you obtain from your affiliate after the consumer has been given a notice and has elected not to opt out of that sharing; (C) Information from a consumer report that you obtain about an individual who applies for but does not receive a loan, including any loan sought by an individual for a business purpose; (D) Information from a consumer report that you obtain about an individual who guarantees a loan (including a loan to a business entity); or (E) Information from a consumer report that you obtain about an employee or prospective employee. (ii) (A) Aggregate information, such as the mean credit score, derived from a group of consumer reports; or (B) Blind data, such as payment history on accounts that are not personally identifiable, you use for developing credit scoring models or for other purposes. (2)

official document · source cfr-2024 · id 12:§ 717.83