Sec. 4021. CREDIT PROTECTION DURING COVID-19
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## SEC. 4021 CREDIT PROTECTION DURING COVID-19 Section 623(a)(1) of the Fair Credit Reporting Act (15 U.S.C. 1681s-2(a)(1)) is amended by adding at the end the following: > > ##### “(F) Reporting information during covid-19 pandemic > > > ###### “(i) Definitions > > In this subsection: > > > ###### “(I) Accommodation > > The term ‘accommodation’ includes an agreement to defer 1 or more payments, make a partial payment, forbear any delinquent amounts, modify a loan or contract, or any other assistance or relief granted to a consumer who is affected by the coronavirus disease 2019 (COVID-19) pandemic during the covered period. > > > ###### “(II) Covered period > > The term ‘covered period’ means the period beginning on January 31, 2020 and ending on the later of— > > > ###### “(aa) > > 120 days after the date of enactment of this subparagraph; or > > > ###### “(bb) > > 120 days after the date on which the national emergency concerning the novel coronavirus disease (COVID-19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act (50 U.S.C. 1601 et seq.) terminates. > > > ###### “(ii) Reporting > > Except as provided in clause (iii), if a furnisher makes an accommodation with respect to 1 or more payments on a credit obligation or account of a consumer, and the consumer makes the payments or is not required to make 1 or more payments pursuant to the accommodation, the furnisher shall— > > > ###### “(I) > > report the credit obligation or account as current; or > > > ###### “(II) > > if the credit obligation or account was delinquent before the accommodation— > > > ###### “(aa) > > maintain the delinquent status during the period in which the accommodation is in effect; and > > > ###### “(bb) > > if the consumer brings the credit obligation or account current during the period described in item (aa), report the credit obligation or account as current. > > > ###### “(iii) Exception > > Clause
(ii)shall not apply with respect to a credit obligation or account of a consumer that has been charged-off.” > .
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