Sec. 204. Free credit score disclosures and consumer reports
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Section 612 of the Fair Credit Reporting Act ( 15 U.S.C. 1681j ) is amended— in subsection (a)— in paragraph (1)— in subparagraph (A), by inserting after section 609 the following: (including the disclosure of a credit score or educational credit score under subsection
(f)of such section) ; and in subparagraph (C)— by striking Commission and inserting Bureau ; and by inserting , credit scores, and educational credit scores (as applicable) after consumer reports each place that term appears; in paragraph (2)— by striking 15 days and inserting 3 business days ; and by inserting , credit score, or educational credit score after consumer report ; in paragraph (3), by inserting , credit score, or educational credit score after consumer report ; and in paragraph (4), by inserting , credit scores, or educational credit scores after consumer reports ; in subsection (b), by inserting (including the disclosure of a credit score or educational credit score, as applicable, under subsection
(f)of such section) after the first instance of section 609 ; in subsection (c)— by inserting (including the disclosure of a credit score or educational credit score under subsection
(f)of such section) after pursuant to section 609 ; in paragraph (2), by striking ; or and inserting a semicolon; in paragraph (3), by striking the period at the end and inserting a semicolon; and by adding at the end the following new paragraphs: has disputed information, or submitted an appeal of an investigation or reinvestigation of such information, under section 611 or 623, regardless of whether the consumer has already received a credit report, credit score, or educational credit score under section 611 or 623; or has had information that was previously deleted under section 611(a)(5) reinserted into the consumer’s file, regardless of whether the consumer has already received a credit report, credit score, or educational credit score under such section. ; in subsection (d), by inserting (including the disclosure of a credit score or educational credit score under subsection
(f)of such section) after section 609 ; in subsection (f)(1)— by striking reasonable charge and all that follows through section 609 and inserting reasonable charge on a consumer for providing a consumer report to a consumer ; by striking subparagraph (B); by redesignating clauses
(i)and
(ii)as subparagraphs
(A)and (B), respectively (and conforming the margins accordingly); and in subparagraph
(B)(as so redesignated), by striking disclosure; and and inserting disclosure. ; and by adding at the end the following new subsections: Not later than 180 days after the date of enactment of this subsection, each consumer reporting agency described under subsection
(p)of section 603 shall prominently display on the home page of the agency’s website— a hyperlink labeled Get Your Free Annual Credit Reports along with either your Credit Scores or Educational Credit Scores provided for under Federal Law or substantially similar text, as determined by the Bureau; and a disclosure titled Consumer’s Right to Free Credit Scores, Educational Credit Scores, and Reports under Federal Law or substantially similar text, as determined by the Bureau that includes the following statement: All consumers are entitled to obtain a free copy of their consumer report and credit score or educational credit score annually from each of the nationwide consumer reporting agencies. Under Federal law, a consumer is entitled to obtain additional free copies of their consumer reports, along with a copy of either the consumer’s credit score or educational credit score (under certain circumstances), including: When a consumer is unemployed and intends to apply for employment within 60 days. When a consumer is a recipient of public welfare assistance. When a consumer has a reasonable belief that their report contains inaccuracies as a result of fraud. When a consumer asserts in good faith a suspicion that the consumer has been or is about to become a victim of identity theft, fraud, or a related crime, or harmed by the unauthorized disclosure of the consumer’s financial or personally identifiable information. When a consumer files a dispute or an appeal of the results of a dispute with a consumer reporting agency or a person who furnished information to the consumer reporting agency regarding the accuracy or completeness of the information contained on their report. After a furnisher of information discovers it has furnished inaccurate or incomplete information to a consumer reporting agency, and the furnisher notifies the agency of the error. After an adverse action is taken against a consumer or a consumer receives a risk-based pricing notice. When a mortgage lender, private educational lender, indirect auto lender, or motor vehicle lender obtains and uses a consumer’s reports or scores for underwriting purposes. . The hyperlink described in subparagraph (A)(i) shall be prominently located on the top of the home page and should link directly to the website of the centralized source established pursuant to section 211(d) of the Fair and Accurate Credit Transactions Act of 2003 ( 15 U.S.C. 1681j note). The Bureau may modify the disclosure described in subparagraph (A)(ii) as necessary to include other circumstances under which a consumer has the right to receive a free consumer report, credit score, or educational credit score. Not later than 180 days after the date of enactment of this subsection, each nationwide specialty consumer reporting agency shall prominently display on the Internet home webpage of the agency a disclosure titled Consumer’s Right to Free Consumer Reports and Credit Score or Educational Credit Score (as applicable) under Federal Law . Such disclosure shall include the following statement: Upon request, all consumers are entitled to obtain a free copy of their consumer report and credit score or educational credit score (as applicable) during any 12-month period from each of the nationwide specialty consumer reporting agencies. Federal law also provides further circumstances under which a consumer is entitled to obtain additional free copies of their consumer report and credit score or educational credit score (as applicable) including: When a consumer is unemployed and intends to apply for employment within 60 days. When a consumer is a recipient of public welfare assistance. When a consumer has a reasonable belief that their report contains inaccuracies as a result of fraud. When a consumer files a dispute or an appeal of the results of a dispute with a consumer reporting agency or a person who furnished information to the consumer reporting agency regarding the accuracy or completeness of the information contained on their report. After a furnisher of information discovers it has furnished inaccurate or incomplete information to a consumer reporting agency, and the furnisher notifies the agency of the error. After an adverse action is taken against a consumer or a consumer receives a risk-based pricing notice. When a mortgage lender, private educational lender, indirect auto lender, or motor vehicle lender obtains and uses a consumer’s reports or scores for underwriting purposes. . The Bureau may modify the disclosure described in subparagraph
(A)as necessary to include other circumstances under which a consumer has the right to receive a free consumer report and credit score or educational credit score (as applicable). The information described in this paragraph shall also be made available via a toll-free telephone number. Such number shall be prominently displayed on the home page of the website of each nationwide specialty consumer reporting agency. Each of the circumstances under which a consumer may obtain a free consumer report and credit score or educational credit score (as applicable) shall be presented in an easily understandable format and consumers shall be directed to an individual who is a customer service representative not later than 2 minutes after the initial phone connection is made by the consumer. Information provided through such telephone number shall comply with the requirements of section 633. Upon receipt of a request by a consumer for a consumer report, each nationwide specialty consumer reporting agency shall provide access to such report electronically on the Internet website described in section 611(h). A consumer reporting agency shall provide to a consumer a free copy of the file and credit score or educational credit score of the consumer who— obtains a 1-year fraud alert, 7-year fraud alert, active duty alert, or security freeze as described in section 605A; or has disputed information, or submitted an appeal of an investigation or reinvestigation of such information, under section 611 or 623. . Section 615(h)(7) of such Act ( 15 U.S.C. 1681m(h)(7) ) is amended by striking section each place such term appears and inserting subsection .
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