Sec. 402. FINDINGS AND PURPOSES
165 words·~1 min read·
/statute-compilations/comps-260/sec-402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 402 FINDINGS AND PURPOSES **[**[15 U.S.C. 1679](/us/usc/t15/s1679)**]** ###
(a)Findings The Congress makes the following findings: ####
(1)Consumers have a vital interest in establishing and maintaining their credit worthiness and credit standing in order to obtain and use credit. As a result, consumers who have experienced credit problems may seek assistance from credit repair organizations which offer to improve the credit standing of such consumers. ####
(2)Certain advertising and business practices of some companies engaged in the business of credit repair services have worked a financial hardship upon consumers, particularly those of limited economic means and who are inexperienced in credit matters. ###
(b)Purposes The purposes of this title are— ####
(1)to ensure that prospective buyers of the services of credit repair organizations are provided with the information necessary to make an informed decision regarding the purchase of such services; and ####
(2)to protect the public from unfair or deceptive advertising and business practices by credit repair organizations.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 402
FINDINGS AND PURPOSES
Cites 1Cited by 0 across 0 sources