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Prohibit intentionally misleading credit reports from being provided to other third parties.


CONTROL ID
00258
CONTROL TYPE
Behavior
CLASSIFICATION
Preventive

SUPPORTING AND SUPPORTED CONTROLS



This Control directly supports the implied Control(s):
  • Establish, implement, and maintain a consumer credit report policy., CC ID: 00257

There are no implementation support Controls.


SELECTED AUTHORITY DOCUMENTS COMPLIED WITH



  • A credit provider or credit reporting agency must not give any body or person a credit report that includes false information or misleading information. (§ 18R(1), Act No. 119 of 1988 as amended, taking into account amendments up to Freedom of Information Amendment (Parliamentary Budget Office) Act 2012)
  • (§ 18R(1), Australia Privacy Act 1988)
  • When a financial institution that extends credit and provides information to consumer reporting agencies furnishes negative information about the consumer, the financial institution must provide a notice of it, in writing, to the consumer. The notice should be provided to the consumer prior to or no… (§ 217, Fair and Accurate Credit Transactions Act of 2003 (FACT Act))
  • When a financial institution that extends credit and provides information to consumer reporting agencies furnishes negative information about the consumer, the financial institution must provide a notice of it, in writing, to the consumer. The notice should be provided to the consumer prior to or no… (§ 623(a)(7), Fair Credit Reporting Act (FCRA), July 30, 2004)
  • A consumer credit reporting agency shall not include adverse information that predates the credit report by more than 10 years or that is otherwise prohibited from being included. (§ 1785.13(d), Consumer Credit Reporting Agencies Act, California Civil Code 17851-1785.6)
  • A consumer credit reporting agency shall promptly and permanently block reporting any information a consumer alleges appears on his or her credit report as a result of identity theft, if it receives a copy of a valid police report or investigative report. (§ 1785.16(k), Consumer Credit Reporting Agencies Act, California Civil Code 17851-1785.6)
  • The consumer reporting agency may not state, suggest, or imply to a third party that a security freeze reflects a negative credit score, rating, report, or history. (§ 8-2611(1), Nebraska Revised Statutes, Sections 8-2061 thru 8-2615, Credit Report Protection Act)