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Code · BILL · 115th Congress · H.R. 3145 (Introduced in House) — To provide the legal framework and income tax treatment necessary for the growth of innovative private financing opti... · Sec. 603

Sec. 603. Treatment under the Fair Credit Reporting Act

96 words·~1 min read·/bill/115/hr/3145/ih/section-603

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Section 605 of the Fair Credit Reporting Act ( 15 U.S.C. 1681c ) is amended by adding at the end the following: With respect to an income-share agreement (as defined in section 2 of the Investing in Students Act of 2017), a consumer report made by a consumer reporting agency— may include a description of the contract terms of the income-share agreement and, subject to subsection (a), information with respect to amounts that are owed under such agreement; and may not include any speculation about future amounts that may be owed under the income-share agreement. .
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Sec. 603
Treatment under the Fair Credit Reporting Act
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