§ 1033.201. Availability and prohibition against evasion.
195 words·~1 min read·
/us/cfr/t12/s§ 1033.201·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Obligation to make covered data available—(1) General. A data provider must make available to a consumer and an authorized third party, upon request, covered data in the data provider's control or possession concerning a covered consumer financial product or service that the consumer obtained from the data provider, in an electronic form usable by consumers and authorized third parties.
(2)Prohibition against evasion. A data provider must not take any action:
(i)With the intent of evading the requirements of subparts B and C of this part;
(ii)That the data provider knows or should know is likely to render unusable the covered data that the data provider makes available; or
(iii)That the data provider knows or should know is likely to prevent, interfere with, or materially discourage a consumer or authorized third party from accessing covered data consistent with this part.
(b)Current data. In complying with paragraph
(a)of this section, a data provider must make available the most recently updated covered data that it has in its control or possession at the time of a request. A data provider must make available information concerning authorized but not yet settled transactions.