Reported in House
Fair Credit Reporting Reseller Accuracy Act
SEC. 1. SHORT TITLETrack this section →
This Act may be cited as the Fair Credit Reporting Reseller Accuracy Act.
SEC. 2. ACCURACY OF INFORMATION TRANSMITTED BY RESELLERSTrack this section →
Section 607 of the Fair Credit Reporting Act (15 U.S.C. 1681e) is amended by adding at the end the following: (f) Transmission of information by resellers (1) In general Before a reseller transmits information contained in a consumer report to an end user or another reseller, such reseller shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the information relates. (2) Limitation of liability No reseller may be held liable under this title if such reseller accurately communicates information obtained from another consumer reporting agency to an end user or another reseller. (3) Reseller defined In this subsection the term reseller has the meaning given the term in section 603..