445.2514 Inapplicability of Article 3 to certain entities or uses.

289 words·~1 min read·/mi/chapter-445/445-2514

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 4.

Article 3 does not apply to any of the following entities or uses:

(a)A person that is acting under a court order, warrant, or subpoena.

(b)A person that administers a credit file monitoring subscription service to which a consumer or protected consumer has subscribed.

(c)A person that provides a consumer or the consumer's representative with a copy of the consumer's credit report on request of the consumer or the representative.

(d)A check services or fraud prevention services company that issues any of the following:

(i)Reports on incidents of fraud.

(ii)Authorizations for the purpose of approving or processing negotiable instruments, electronic funds transfers, or similar payment methods.

(e)A deposit account information service company that issues reports regarding account closures due to fraud, substantial overdrafts, or automated teller machine abuse or provides similar information regarding a consumer to inquiring banks or other financial institutions for use only in reviewing a consumer request for a deposit account at the inquiring bank or financial institution.

(f)A consumer reporting agency database or file that consists entirely of consumer information concerning, and used solely for, 1 or more of the following:

(i)Criminal record information.

(ii)Personal loss history information.

(iii)Fraud prevention or detection.

(iv)Employment screening.

(v)Tenant screening.

(g)A consumer reporting agency that meets both of the following:

(i)It is only engaged in reselling resell credit information by assembling and merging information contained in a database of 1 or more consumer reporting agencies.

(ii)It does not maintain a permanent database of credit information it obtains for purposes of subparagraph (i).

History: 2013, Act 229 , Eff. Jan. 1, 2014