Sec. 201. Positive credit reporting permitted
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/bill/115/s/488/eah/section-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 623 of the Fair Credit Reporting Act ( 15 U.S.C. 1681s–2 ) is amended by adding at the end the following new subsection: Subject to the limitations in paragraphs
(2)through
(4)and notwithstanding any other provision of law, a person or the Secretary of Housing and Urban Development may furnish to a consumer reporting agency information relating to the performance of a consumer in making payments— under a lease agreement with respect to a dwelling, including such a lease in which the Department of Housing and Urban Development provides subsidized payments for occupancy in a dwelling; or pursuant to a contract for a utility or telecommunications service. Information about a consumer’s usage of any utility services provided by a utility or telecommunication firm may be furnished to a consumer reporting agency only to the extent that such information relates to payment by the consumer for the services of such utility or telecommunication service or other terms of the provision of the services to the consumer, including any deposit, discount, or conditions for interruption or termination of the services. An energy utility firm, telephone company, or wireless provider may not report payment information to a consumer reporting agency with respect to an outstanding balance of a consumer as late if— the energy utility firm, telephone company, or wireless provider and the consumer have entered into a payment plan (including a deferred payment agreement, an arrearage management program, or a debt forgiveness program) with respect to such outstanding balance; and the consumer is meeting the obligations of the payment plan, as determined by the energy utility firm, telephone company, or wireless provider. Notwithstanding section 625, this subsection shall not preempt any law of a State with respect to furnishing to a consumer reporting agency information relating to the performance of a consumer in making payments pursuant to a contract for a utility or telecommunications service. In this subsection, the following definitions shall apply: The term energy utility firm means an entity that provides gas or electric utility services to the public. The term utility or telecommunication firm means an entity that provides utility services to the public through pipe, wire, landline, wireless, cable, or other connected facilities, or radio, electronic, or similar transmission (including the extension of such facilities). . Section 623(c) of the Consumer Credit Protection Act ( 15 U.S.C. 1681s–2(c) ) is amended— in paragraph (2), by striking or at the end; by redesignating paragraph
(3)as paragraph (4); and by inserting after paragraph
(2)the following new paragraph: subsection
(f)of this section, including any regulations issued thereunder; or . Not later than the end of the 8-month period following the date of the enactment of this Act, the Secretary of Housing and Urban Development shall issue regulations directing public housing agencies to develop procedures and capacity to— ensure the complete and accurate reporting of data regarding tenants of public housing and families assisted under section 8 of the United States Housing Act of 1937 ( 42 U.S.C. 1437f ) when furnishing information to a consumer reporting agency pursuant to section 623(f) of the Fair Credit Reporting Act; and handle complaints with respect to such reporting. Not later than 2 years after the date that final rules are issued pursuant to subsection (c), the Comptroller General of the United States shall submit to Congress a report on the impact of furnishing information pursuant to subsection
(f)of section 623 of the Fair Credit Reporting Act ( 15 U.S.C. 1681s–2 ) (as added by this section) on consumers. The amendment by subsection
(a)shall not apply to a consumer in connection with a lease in which the Department of Housing and Urban Development provides subsidized payments for occupancy in a dwelling until the date on which final rules are issued pursuant to subsection (c).
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U.S. Code
2 references not yet in our index
- 15 USC 1681s–2
- 15 USC 1681s–2(c)
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