15 U.S.C. § 1681s — Administrative enforcement

Page 1603 TITLE 15—COMMERCE AND TRADE § 1681s 1 So in original. Federal Reserve Board and Federal Trade Commission, except as otherwise provided, see section 3 of Pub. L. 108–159, set out as a note under section 1681 of this title. EFFECTIVE DATE Section effective upon the expiration of one hundred and eighty days following Oct. 26, 1970, see section 504(d) of Pub. L. 90–321, as added by Pub. L. 91–508, set out as a note under section 1681 of this title. § 1681q. Obtaining information under false pre- tenses Any person who knowingly and willfully ob- tains information on a consumer from a con- sumer reporting agency under false pretenses shall be fined under title 18, imprisoned for not more than 2 years, or both. (Pub. L. 90–321, title VI, § 619, as added Pub. L. 91–508, title VI, § 601, Oct. 26, 1970, 84 Stat. 1134; amended Pub. L. 104–208, div. A, title II, § 2415(a), Sept. 30, 1996, 110 Stat. 3009–450.) Editorial Notes AMENDMENTS 1996—Pub. L. 104–208 substituted ‘‘fined under title 18, imprisoned for not more than 2 years, or both’’ for ‘‘fined not more than $5,000 or imprisoned not more than one year, or both’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1996 AMENDMENT Amendment by Pub. L. 104–208 effective 365 days after Sept. 30, 1996, with special rule for early compliance, see section 2420 of Pub. L. 104–208, set out as a note under section 1681a of this title. EFFECTIVE DATE Section effective upon the expiration of one hundred and eighty days following Oct. 26, 1970, see section 504(d) of Pub. L. 90–321, as added by Pub. L. 91–508, set out as a note under section 1681 of this title. § 1681r. Unauthorized disclosures by officers or employees Any officer or employee of a consumer report- ing agency who knowingly and willfully pro- vides information concerning an individual from the agency’s files to a person not authorized to receive that information shall be fined under title 18, imprisoned for not more than 2 years, or both. (Pub. L. 90–321, title VI, § 620, as added Pub. L. 91–508, title VI, § 601, Oct. 26, 1970, 84 Stat. 1134; amended Pub. L. 104–208, div. A, title II, § 2415(b), Sept. 30, 1996, 110 Stat. 3009–450.) Editorial Notes AMENDMENTS 1996—Pub. L. 104–208 substituted ‘‘fined under title 18, imprisoned for not more than 2 years, or both’’ for ‘‘fined not more than $5,000 or imprisoned not more than one year, or both’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1996 AMENDMENT Amendment by Pub. L. 104–208 effective 365 days after Sept. 30, 1996, with special rule for early compliance, see section 2420 of Pub. L. 104–208, set out as a note under section 1681a of this title. EFFECTIVE DATE Section effective upon the expiration of one hundred and eighty days following Oct. 26, 1970, see section 504(d) of Pub. L. 90–321, as added by Pub. L. 91–508, set out as a note under section 1681 of this title. § 1681s. Administrative enforcement (a) Enforcement by Federal Trade Commission (1) In general The Federal Trade Commission shall be au- thorized to enforce compliance with the re- quirements imposed by this subchapter under the Federal Trade Commission Act (15 U.S.C. 41 et seq.), with respect to consumer reporting agencies and all other persons subject thereto, except to the extent that enforcement of the requirements imposed under this subchapter is specifically committed to some other Govern- ment agency under any of subparagraphs (A) through (G) of subsection (b)(1), and subject to subtitle B of the Consumer Financial Protec- tion Act of 2010 [12 U.S.C. 5511 et seq.], sub- section (b).1 For the purpose of the exercise by the Federal Trade Commission of its functions and powers under the Federal Trade Commis- sion Act, a violation of any requirement or prohibition imposed under this subchapter shall constitute an unfair or deceptive act or practice in commerce, in violation of section 5(a) of the Federal Trade Commission Act (15 U.S.C. 45(a)), and shall be subject to enforce- ment by the Federal Trade Commission under section 5(b) of that Act [15 U.S.C. 45(b)] with respect to any consumer reporting agency or person that is subject to enforcement by the Federal Trade Commission pursuant to this subsection, irrespective of whether that per- son is engaged in commerce or meets any other jurisdictional tests under the Federal Trade Commission Act. The Federal Trade Commission shall have such procedural, inves- tigative, and enforcement powers, including the power to issue procedural rules in enforc- ing compliance with the requirements imposed under this subchapter and to require the filing of reports, the production of documents, and the appearance of witnesses, as though the ap- plicable terms and conditions of the Federal Trade Commission Act were part of this sub- chapter. Any person violating any of the pro- visions of this subchapter shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act as though the applicable terms and provisions of such Act are part of this subchapter. (2) Penalties (A) Knowing violations Except as otherwise provided by subtitle B of the Consumer Financial Protection Act of 2010, in the event of a knowing violation, which constitutes a pattern or practice of violations of this subchapter, the Federal Trade Commission may commence a civil action to recover a civil penalty in a district court of the United States against any per- son that violates this subchapter. In such ac- Page 1604 TITLE 15—COMMERCE AND TRADE § 1681s tion, such person shall be liable for a civil penalty of not more than $2,500 per viola- tion. (B) Determining penalty amount In determining the amount of a civil pen- alty under subparagraph (A), the court shall take into account the degree of culpability, any history of such prior conduct, ability to pay, effect on ability to continue to do busi- ness, and such other matters as justice may require. (C) Limitation Notwithstanding paragraph (2), a court may not impose any civil penalty on a per- son for a violation of section 1681s–2(a)(1) of this title, unless the person has been en- joined from committing the violation, or or- dered not to commit the violation, in an ac- tion or proceeding brought by or on behalf of the Federal Trade Commission, and has vio- lated the injunction or order, and the court may not impose any civil penalty for any violation occurring before the date of the violation of the injunction or order. (b) Enforcement by other agencies (1) In general Subject to subtitle B of the Consumer Fi- nancial Protection Act of 2010, compliance with the requirements imposed under this sub- chapter with respect to consumer reporting agencies, persons who use consumer reports from such agencies, persons who furnish infor- mation to such agencies, and users of informa- tion that are subject to section 1681m(d) of this title shall be enforced under— (A) section 8 of the Federal Deposit Insur- ance Act (12 U.S.C. 1818), by the appropriate Federal banking agency, as defined in sec- tion 3(q) of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)), with respect to— (i) any national bank or State savings association, and any Federal branch or Federal agency of a foreign bank; (ii) any member bank of the Federal Re- serve System (other than a national bank), a branch or agency of a foreign bank (other than a Federal branch, Federal agency, or insured State branch of a for- eign bank), a commercial lending company owned or controlled by a foreign bank, and any organization operating under section 25 or 25A of the Federal Reserve Act [12 U.S.C. 601 et seq., 611 et seq.]; and (iii) any bank or Federal savings associa- tion insured by the Federal Deposit Insur- ance Corporation (other than a member of the Federal Reserve System) and any in- sured State branch of a foreign bank; (B) the Federal Credit Union Act (12 U.S.C. 1751 et seq.), by the Administrator of the Na- tional Credit Union Administration with re- spect to any Federal credit union; (C) subtitle IV of title 49, by the Secretary of Transportation, with respect to all car- riers subject to the jurisdiction of the Sur- face Transportation Board; (D) part A of subtitle VII of title 49, by the Secretary of Transportation, with respect to any air carrier or foreign air carrier subject to that part; (E) the Packers and Stockyards Act, 1921 (7 U.S.C. 181 et seq.) (except as provided in section 406 of that Act [7 U.S.C. 226, 227]), by the Secretary of Agriculture, with respect to any activities subject to that Act; (F) the Commodity Exchange Act [7 U.S.C. 1 et seq.], with respect to a person subject to the jurisdiction of the Commodity Futures Trading Commission; (G) the Federal securities laws, and any other laws that are subject to the jurisdic- tion of the Securities and Exchange Com- mission, with respect to a person that is sub- ject to the jurisdiction of the Securities and Exchange Commission; and (H) subtitle E of the Consumer Financial Protection Act of 2010 [12 U.S.C. 5561 et seq.], by the Bureau, with respect to any person subject to this subchapter. (2) Incorporated definitions The terms used in paragraph (1) that are not defined in this subchapter or otherwise defined in section 3(s) of the Federal Deposit Insur- ance Act (12 U.S.C. 1813(s)) have the same meanings as in section 1(b) of the Inter- national Banking Act of 1978 (12 U.S.C. 3101). (c) State action for violations (1) Authority of States In addition to such other remedies as are provided under State law, if the chief law en- forcement officer of a State, or an official or agency designated by a State, has reason to believe that any person has violated or is vio- lating this subchapter, the State— (A) may bring an action to enjoin such vio- lation in any appropriate United States dis- trict court or in any other court of com- petent jurisdiction; (B) subject to paragraph (5), may bring an action on behalf of the residents of the State to recover— (i) damages for which the person is liable to such residents under sections 1681n and 1681o of this title as a result of the viola- tion; (ii) in the case of a violation described in any of paragraphs (1) through (3) of section 1681s–2(c) of this title, damages for which the person would, but for section 1681s–2(c) of this title, be liable to such residents as a result of the violation; or (iii) damages of not more than $1,000 for each willful or negligent violation; and (C) in the case of any successful action under subparagraph (A) or (B), shall be awarded the costs of the action and reason- able attorney fees as determined by the court. (2) Rights of Federal regulators The State shall serve prior written notice of any action under paragraph (1) upon the Bu- reau and the Federal Trade Commission or the appropriate Federal regulator determined under subsection (b) and provide the Bureau and the Federal Trade Commission or appro- priate Federal regulator with a copy of its Page 1605 TITLE 15—COMMERCE AND TRADE § 1681s 2 So in original. Probably should be followed by a period. 3 So in original. Probably should be ‘‘Bureau,’’. complaint, except in any case in which such prior notice is not feasible, in which case the State shall serve such notice immediately upon instituting such action. The Bureau and the Federal Trade Commission or appropriate Federal regulator shall have the right— (A) to intervene in the action; (B) upon so intervening, to be heard on all matters arising therein; (C) to remove the action to the appro- priate United States district court; and (D) to file petitions for appeal. (3) Investigatory powers For purposes of bringing any action under this subsection, nothing in this subsection shall prevent the chief law enforcement offi- cer, or an official or agency designated by a State, from exercising the powers conferred on the chief law enforcement officer or such offi- cial by the laws of such State to conduct in- vestigations or to administer oaths or affirma- tions or to compel the attendance of witnesses or the production of documentary and other evidence. (4) Limitation on State action while Federal ac- tion pending If the Bureau, the Federal Trade Commis- sion, or the appropriate Federal regulator has instituted a civil action or an administrative action under section 8 of the Federal Deposit Insurance Act [12 U.S.C. 1818] for a violation of this subchapter, no State may, during the pendency of such action, bring an action under this section against any defendant named in the complaint of the Bureau, the Federal Trade Commission, or the appropriate Federal regulator for any violation of this subchapter that is alleged in that complaint. (5) Limitations on State actions for certain vio- lations (A) Violation of injunction required A State may not bring an action against a person under paragraph (1)(B) for a violation described in any of paragraphs (1) through (3) of section 1681s–2(c) of this title, unless— (i) the person has been enjoined from committing the violation, in an action brought by the State under paragraph (1)(A); and (ii) the person has violated the injunc- tion. (B) Limitation on damages recoverable In an action against a person under para- graph (1)(B) for a violation described in any of paragraphs (1) through (3) of section 1681s–2(c) of this title, a State may not re- cover any damages incurred before the date of the violation of an injunction on which the action is based. (d) Enforcement under other authority For the purpose of the exercise by any agency referred to in subsection (b) of its powers under any Act referred to in that subsection, a viola- tion of any requirement imposed under this sub- chapter shall be deemed to be a violation of a re- quirement imposed under that Act. In addition to its powers under any provision of law specifi- cally referred to in subsection (b), each of the agencies referred to in that subsection may ex- ercise, for the purpose of enforcing compliance with any requirement imposed under this sub- chapter any other authority conferred on it by law. (e) Regulatory authority (1) In general The Bureau shall prescribe such regulations as are necessary to carry out the purposes of this subchapter, except with respect to sec- tions 1681m(e) and 1681w of this title. The Bu- reau may prescribe regulations as may be nec- essary or appropriate to administer and carry out the purposes and objectives of this sub- chapter, and to prevent evasions thereof or to facilitate compliance therewith. Except as provided in section 1029(a) of the Consumer Fi- nancial Protection Act of 2010 [12 U.S.C. 5519(a)], the regulations prescribed by the Bu- reau under this subchapter shall apply to any person that is subject to this subchapter, not- withstanding the enforcement authorities granted to other agencies under this section. (2) Deference Notwithstanding any power granted to any Federal agency under this subchapter, the def- erence that a court affords to a Federal agen- cy with respect to a determination made by such agency relating to the meaning or inter- pretation of any provision of this subchapter that is subject to the jurisdiction of such agency shall be applied as if that agency were the only agency authorized to apply, enforce, interpret, or administer the provisions of this subchapter 2 The regulations prescribed by the Bureau under this subchapter shall apply to any person that is subject to this subchapter, notwithstanding the enforcement authorities granted to other agencies under this section. (f) Coordination of consumer complaint inves- tigations (1) In general Each consumer reporting agency described in section 1681a(p) of this title shall develop and maintain procedures for the referral to each other such agency of any consumer com- plaint received by the agency alleging identity theft, or requesting a fraud alert under section 1681c–1 of this title or a block under section 1681c–2 of this title. (2) Model form and procedure for reporting identity theft The Commission,3 in consultation with the Federal Trade Commission, the Federal bank- ing agencies, and the National Credit Union Administration, shall develop a model form and model procedures to be used by consumers who are victims of identity theft for con- tacting and informing creditors and consumer reporting agencies of the fraud. (3) Annual summary reports Each consumer reporting agency described in section 1681a(p) of this title shall submit an Page 1606 TITLE 15—COMMERCE AND TRADE § 1681s annual summary report to the Bureau on con- sumer complaints received by the agency on identity theft or fraud alerts. (g) Bureau regulation of coding of trade names If the Bureau determines that a person de- scribed in paragraph (9) of section 1681s–2(a) of this title has not met the requirements of such paragraph, the Bureau shall take action to en- sure the person’s compliance with such para- graph, which may include issuing model guid- ance or prescribing reasonable policies and pro- cedures, as necessary to ensure that such person complies with such paragraph. (Pub. L. 90–321, title VI, § 621, as added Pub. L. 91–508, title VI, § 601, Oct. 26, 1970, 84 Stat. 1134; amended Pub. L. 98–443, § 9(n), Oct. 4, 1984, 98 Stat. 1708; Pub. L. 101–73, title VII, § 744(l), Aug. 9, 1989, 103 Stat. 439; Pub. L. 102–242, title II, § 212(c), Dec. 19, 1991, 105 Stat. 2300; Pub. L. 102–550, title XVI, § 1604(a)(6), Oct. 28, 1992, 106 Stat. 4082; Pub. L. 104–88, title III, § 314, Dec. 29, 1995, 109 Stat. 948; Pub. L. 104–208, div. A, title II, §§ 2416–2418, Sept. 30, 1996, 110 Stat. 3009–450 to 3009–452; Pub. L. 105–347, § 6(6), Nov. 2, 1998, 112 Stat. 3211; Pub. L. 106–102, title V, § 506(a), (b), Nov. 12, 1999, 113 Stat. 1441, 1442; Pub. L. 108–159, title I, § 153, title III, § 312(e)(2), title IV, § 412(e), title VIII, § 811(f), Dec. 4, 2003, 117 Stat. 1966, 1993, 2003, 2012; Pub. L. 111–203, title X, § 1088(a)(2)(A)–(C), (10), July 21, 2010, 124 Stat. 2087, 2088.) Editorial Notes REFERENCES IN TEXT The Federal Trade Commission Act, referred to in subsec. (a)(1), is act Sept. 26, 1914, ch. 311, 38 Stat. 717, which is classified generally to subchapter I (§ 41 et seq.) of chapter 2 of this title. For complete classifica- tion of this Act to the Code, see section 58 of this title and Tables. The Consumer Financial Protection Act of 2010, re- ferred to in subsecs. (a) and (b)(1), is title X of Pub. L. 111–203, July 21, 2010, 124 Stat. 1955. Subtitles B (§§ 1021–1029A) and E (§§ 1051–1058) of the Act are classi- fied generally to parts B (§ 5511 et seq.) and E (§ 5561 et seq.), respectively, of subchapter V of chapter 53 of Title 12, Banks and Banking. For complete classifica- tion of subtitles B and E to the Code, see Tables. Sections 25 and 25A of the Federal Reserve Act, re- ferred to in subsec. (b)(1)(A)(ii), are classified to sub- chapters I (§ 601 et seq.) and II (§ 611 et seq.), respec- tively, of chapter 6 of Title 12, Banks and Banking. The Federal Credit Union Act, referred to in subsec. (b)(1)(B), is act June 26, 1934, ch. 750, 48 Stat. 1216, which is classified generally to chapter 14 (§ 1751 et seq.) of Title 12. For complete classification of this Act to the Code, see section 1751 of Title 12 and Tables. The Packers and Stockyards Act, 1921, referred to in subsec. (b)(1)(E), is act Aug. 15, 1921, ch. 64, 42 Stat. 159, which is classified to chapter 9 (§ 181 et seq.) of Title 7, Agriculture. For complete classification of this Act to the Code, see section 181 of Title 7 and Tables. The Commodity Exchange Act, referred to in subsec. (b)(1)(F), is act Sept. 21, 1922, ch. 369, 42 Stat. 998, which is classified generally to chapter 1 (§ 1 et seq.) of Title 7, Agriculture. For complete classification of this Act to the Code, see section 1 of Title 7 and Tables. CODIFICATION In subsec. (b)(1)(D), ‘‘part A of subtitle VII of title 49’’ substituted for ‘‘the Federal Aviation Act of 1958 (49 App. U.S.C. 1301 et seq.)’’ and ‘‘that part’’ substituted for ‘‘that Act’’ on authority of Pub. L. 103–272, § 6(b), July 5, 1994, 108 Stat. 1378, the first section of which en- acted subtitles II, III, and V to X of Title 49. AMENDMENTS 2010—Subsec. (a). Pub. L. 111–203, § 1088(a)(10)(A), added subsec. (a) and struck out former subsec. (a) which related to enforcement by Federal Trade Com- mission. Subsec. (b). Pub. L. 111–203, § 1088(a)(10)(B), added sub- sec. (b) and struck out former subsec. (b) which related to enforcement under section 8 of the Federal Deposit Insurance Act, the Federal Credit Union Act, subtitle IV of title 49, part A of subtitle VII of title 49, and the Packers and Stockyards Act, 1921. Subsec. (c)(2). Pub. L. 111–203, § 1088(a)(10)(C), in intro- ductory provisions, inserted ‘‘and the Federal Trade Commission’’ before ‘‘or the appropriate’’ and before ‘‘or appropriate’’ in two places. Pub. L. 111–203, § 1088(a)(2)(C), in introductory provi- sions, substituted ‘‘provide the Bureau’’ for ‘‘provide the Commission’’. Pub. L. 111–203, § 1088(a)(2)(A), in introductory provi- sions, substituted ‘‘upon the Bureau’’ for ‘‘upon the Federal Trade Commission’’ and ‘‘The Bureau’’ for ‘‘The Federal Trade Commission’’. Subsec. (c)(4). Pub. L. 111–203, § 1088(a)(10)(D), inserted ‘‘, the Federal Trade Commission,’’ before ‘‘or the ap- propriate’’ in two places. Pub. L. 111–203, § 1088(a)(2)(C), substituted ‘‘complaint of the Bureau’’ for ‘‘complaint of the Commission’’. Pub. L. 111–203, § 1088(a)(2)(A), substituted ‘‘If the Bu- reau’’ for ‘‘If the Federal Trade Commission’’. Subsec. (e). Pub. L. 111–203, § 1088(a)(10)(E), added sub- sec. (e) and struck out former subsec. (e) which related to prescription of regulations by certain Federal bank- ing agencies, the Board of Governors of the Federal Re- serve System, and the Board of the National Credit Union Administration. Subsec. (f)(2). Pub. L. 111–203, § 1088(a)(10)(F), sub- stituted ‘‘the Federal Trade Commission, the Federal banking agencies,’’ for ‘‘the Federal banking agencies’’. Subsec. (f)(3). Pub. L. 111–203, § 1088(a)(2)(C), sub- stituted ‘‘the Bureau’’ for ‘‘the Commission’’. Subsec. (g). Pub. L. 111–203, § 1088(a)(2)(C), substituted ‘‘the Bureau’’ for ‘‘the Commission’’ in two places. Pub. L. 111–203, § 1088(a)(2)(B), substituted ‘‘Bureau’’ for ‘‘FTC’’ in heading. 2003—Subsec. (b)(1)(B). Pub. L. 108–159, § 811(f), sub- stituted ‘‘25A’’ for ‘‘25(a)’’. Subsec. (c)(1)(B)(ii). Pub. L. 108–159, § 312(e)(2)(A), sub- stituted ‘‘described in any of paragraphs (1) through (3) of section 1681s–2(c)’’ for ‘‘of section 1681s–2(a)’’. Subsec. (c)(5). Pub. L. 108–159, § 312(e)(2)(B)(ii), sub- stituted ‘‘certain violations’’ for ‘‘violation of section 1681s–2(a)(1)’’ in heading. Subsec. (c)(5)(A), (B). Pub. L. 108–159, § 312(e)(2)(B)(i), substituted ‘‘described in any of paragraphs (1) through (3) of section 1681s–2(c)’’ for ‘‘of section 1681s–2(a)(1)’’. Subsec. (f). Pub. L. 108–159, § 153, added subsec. (f). Subsec. (g). Pub. L. 108–159, § 412(e), added subsec. (g). 1999—Subsec. (a)(4). Pub. L. 106–102, § 506(b), struck out par. (4) which read as follows: ‘‘Neither the Com- mission nor any other agency referred to in subsection (b) of this section may prescribe trade regulation rules or other regulations with respect to this subchapter.’’ Subsec. (d). Pub. L. 106–102, § 506(a)(1), struck out at the end ‘‘Notwithstanding the preceding, no agency re- ferred to in subsection (b) of this section may conduct an examination of a bank, savings association, or cred- it union regarding compliance with the provisions of this subchapter, except in response to a complaint (or if the agency otherwise has knowledge) that the bank, savings association, or credit union has violated a pro- vision of this subchapter, in which case, the agency may conduct an examination as necessary to inves- tigate the complaint. If an agency determines during an investigation in response to a complaint that a vio- lation of this subchapter has occurred, the agency may, during its next 2 regularly scheduled examinations of the bank, savings association, or credit union, examine for compliance with this subchapter.’’ Page 1607 TITLE 15—COMMERCE AND TRADE § 1681s Subsec. (e). Pub. L. 106–102, § 506(a)(2), added subsec. (e) and struck out heading and text of former subsec. (e). Text read as follows: ‘‘The Board of Governors of the Federal Reserve System may issue interpretations of any provision of this subchapter as such provision may apply to any persons identified under paragraph (1), (2), and (3) of subsection (b) of this section, or to the holding companies and affiliates of such persons, in consultation with Federal agencies identified in para- graphs (1), (2), and (3) of subsection (b) of this section.’’ 1998—Subsec. (b). Pub. L. 105–347 struck out ‘‘or (e)’’ after ‘‘subject to subsection (d)’’ in introductory provi- sions. 1996—Subsec. (a). Pub. L. 104–208, § 2416(b)(1), which di- rected the amendment of subsec. (a) by inserting head- ing ‘‘Enforcement by Federal Trade Commission’’ be- fore ‘‘Compliance with the requirements’’, was exe- cuted by making the insertion after ‘‘(a)’’, to reflect the probable intent of Congress and the amendment by Pub. L. 104–208, § 2416(a). See below. Pub. L. 104–208, § 2416(a), inserted ‘‘(1)’’ after ‘‘(a)’’ and added pars. (2) to (4). Subsec. (b). Pub. L. 104–208, § 2416(b)(2), inserted head- ing and in introductory provisions substituted ‘‘Com- pliance with the requirements imposed under this sub- chapter with respect to consumer reporting agencies, persons who use consumer reports from such agencies, persons who furnish information to such agencies, and users of information that are subject to subsection (d) or (e) of section 1681m of this title shall be enforced under—’’ for ‘‘Compliance with the requirements im- posed under this subchapter with respect to consumer reporting agencies and persons who use consumer re- ports from such agencies shall be enforced under—’’. Subsec. (c). Pub. L. 104–208, § 2417(2), added subsec. (c). Former subsec. (c) redesignated (d). Pub. L. 104–208, § 2416(c), inserted at end ‘‘Notwith- standing the preceding, no agency referred to in sub- section (b) of this section may conduct an examination of a bank, savings association, or credit union regard- ing compliance with the provisions of this subchapter, except in response to a complaint (or if the agency oth- erwise has knowledge) that the bank, savings associa- tion, or credit union has violated a provision of this subchapter, in which case, the agency may conduct an examination as necessary to investigate the complaint. If an agency determines during an investigation in re- sponse to a complaint that a violation of this sub- chapter has occurred, the agency may, during its next 2 regularly scheduled examinations of the bank, sav- ings association, or credit union, examine for compli- ance with this subchapter.’’ Subsec. (d). Pub. L. 104–208, § 2417(1), redesignated sub- sec. (c) as (d). Subsec. (e). Pub. L. 104–208, § 2418, added subsec. (e). 1995—Subsec. (b)(4). Pub. L. 104–88 substituted ‘‘Sec- retary of Transportation, with respect to all carriers subject to the jurisdiction of the Surface Transpor- tation Board’’ for ‘‘Interstate Commerce Commission with respect to any common carrier subject to those Acts’’. 1992—Subsec. (b)(1)(C). Pub. L. 102–550 substituted semicolon for period at end. 1991—Subsec. (b). Pub. L. 102–242, § 212(c)(2), inserted at end ‘‘The terms used in paragraph (1) that are not defined in this subchapter or otherwise defined in sec- tion 3(s) of the Federal Deposit Insurance Act (12 U.S.C. 1813(s)) shall have the meaning given to them in section 1(b) of the International Banking Act of 1978 (12 U.S.C. 3101).’’ Pub. L. 102–242, § 212(c)(1), added par. (1) and struck out former par. (1) which read as follows: ‘‘section 8 of the Federal Deposit Insurance Act, in the case of: ‘‘(A) national banks, by the Comptroller of the Cur- rency; ‘‘(B) member banks of the Federal Reserve System (other than national banks), by the Federal Reserve Board; and ‘‘(C) banks insured by the Federal Deposit Insur- ance Corporation (other than members of the Federal Reserve System), by the Board of Directors of the Federal Deposit Insurance Corporation.’’ 1989—Subsec. (b)(2). Pub. L. 101–73 amended par. (2) generally. Prior to amendment, par. (2) read as follows: ‘‘section 5(d) of the Home Owners Loan Act of 1933, sec- tion 407 of the National Housing Act, and sections 6(i) and 17 of the Federal Home Loan Bank Act, by the Fed- eral Home Loan Bank Board (acting directly or through the Federal Savings and Loan Insurance Cor- poration), in the case of any institution subject to any of those provisions;’’. 1984—Subsec. (b)(5). Pub. L. 98–443 substituted ‘‘Sec- retary of Transportation’’ for ‘‘Civil Aeronautics Board’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2010 AMENDMENT Amendment by Pub. L. 111–203 effective on the des- ignated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees. EFFECTIVE DATE OF 2003 AMENDMENT Amendment by Pub. L. 108–159 subject to joint regu- lations establishing effective dates as prescribed by Federal Reserve Board and Federal Trade Commission, except as otherwise provided, see section 3 of Pub. L. 108–159, set out as a note under section 1681 of this title. Amendment by section 412(e) of Pub. L. 108–159 effec- tive at end of 15-month period beginning on Dec. 4, 2003, see section 412(g) of Pub. L. 108–159, set out as a note under section 1681b of this title. EFFECTIVE DATE OF 1998 AMENDMENT Amendment by Pub. L. 105–347 deemed to have same effective date as amendments made by section 2403 of Pub. L. 104–208, see section 7 of Pub. L. 105–347, set out as a note under section 1681a of this title. EFFECTIVE DATE OF 1996 AMENDMENT Amendment by Pub. L. 104–208 effective 365 days after Sept. 30, 1996, with special rule for early compliance, see section 2420 of Pub. L. 104–208, set out as a note under section 1681a of this title. EFFECTIVE DATE OF 1995 AMENDMENT Amendment by Pub. L. 104–88 effective Jan. 1, 1996, see section 2 of Pub. L. 104–88, set out as an Effective Date note under section 1301 of Title 49, Transpor- tation. EFFECTIVE DATE OF 1992 AMENDMENT Amendment by Pub. L. 102–550 effective as if included in the Federal Deposit Insurance Corporation Improve- ment Act of 1991, Pub. L. 102–242, as of Dec. 19, 1991, see section 1609(a) of Pub. L. 102–550, set out as a note under section 191 of Title 12, Banks and Banking. EFFECTIVE DATE OF 1984 AMENDMENT Amendment by Pub. L. 98–443 effective Jan. 1, 1985, see section 9(v) of Pub. L. 98–443, set out as a note under section 5314 of Title 5, Government Organization and Employees. EFFECTIVE DATE Section effective upon the expiration of one hundred and eighty days following Oct. 26, 1970, see section 504(d) of Pub. L. 90–321, as added by Pub. L. 91–508, set out as a note under section 1681 of this title. TRANSFER OF FUNCTIONS Functions vested in Administrator of National Credit Union Administration transferred and vested in Na- tional Credit Union Administration Board pursuant to section 1752a of Title 12, Banks and Banking. Page 1608 TITLE 15—COMMERCE AND TRADE § 1681s–1 § 1681s–1. Information on overdue child support obligations Notwithstanding any other provision of this subchapter, a consumer reporting agency shall include in any consumer report furnished by the agency in accordance with section 1681b of this title, any information on the failure of the con- sumer to pay overdue support which— (1) is provided— (A) to the consumer reporting agency by a State or local child support enforcement agency; or (B) to the consumer reporting agency and verified by any local, State, or Federal Gov- ernment agency; and (2) antedates the report by 7 years or less. (Pub. L. 90–321, title VI, § 622, as added Pub. L. 102–537, § 2(a), Oct. 27, 1992, 106 Stat. 3531.) Editorial Notes PRIOR PROVISIONS A prior section 622 of Pub. L. 90–321 was renumbered section 625 and is classified to section 1681t of this title. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective Jan. 1, 1993, see section 2(d) of Pub. L. 102–537, set out as an Effective Date of 1992 Amend- ment note under section 1681a of this title. § 1681s–2. Responsibilities of furnishers of infor- mation to consumer reporting agencies (a) Duty of furnishers of information to provide accurate information (1) Prohibition (A) Reporting information with actual knowl- edge of errors A person shall not furnish any information relating to a consumer to any consumer re- porting agency if the person knows or has reasonable cause to believe that the infor- mation is inaccurate. (B) Reporting information after notice and confirmation of errors A person shall not furnish information re- lating to a consumer to any consumer re- porting agency if— (i) the person has been notified by the consumer, at the address specified by the person for such notices, that specific infor- mation is inaccurate; and (ii) the information is, in fact, inac- curate. (C) No address requirement A person who clearly and conspicuously specifies to the consumer an address for no- tices referred to in subparagraph (B) shall not be subject to subparagraph (A); however, nothing in subparagraph (B) shall require a person to specify such an address. (D) Definition For purposes of subparagraph (A), the term ‘‘reasonable cause to believe that the infor- mation is inaccurate’’ means having specific knowledge, other than solely allegations by the consumer, that would cause a reasonable person to have substantial doubts about the accuracy of the information. (E) Rehabilitation of private education loans (i) In general Notwithstanding any other provision of this section, a consumer may request a fi- nancial institution to remove from a con- sumer report a reported default regarding a private education loan, and such infor- mation shall not be considered inaccurate, if— (I) the financial institution chooses to offer a loan rehabilitation program which includes, without limitation, a re- quirement of the consumer to make con- secutive on-time monthly payments in a number that demonstrates, in the assess- ment of the financial institution offering the loan rehabilitation program, a re- newed ability and willingness to repay the loan; and (II) the requirements of the loan reha- bilitation program described in sub- clause (I) are successfully met. (ii) Banking agencies (I) In general If a financial institution is supervised by a Federal banking agency, the finan- cial institution shall seek written ap- proval concerning the terms and condi- tions of the loan rehabilitation program described in clause (i) from the appro- priate Federal banking agency. (II) Feedback An appropriate Federal banking agen- cy shall provide feedback to a financial institution within 120 days of a request for approval under subclause (I). (iii) Limitation (I) In general A consumer may obtain the benefits available under this subsection with re- spect to rehabilitating a loan only 1 time per loan. (II) Rule of construction Nothing in this subparagraph may be construed to require a financial institu- tion to offer a loan rehabilitation pro- gram or to remove any reported default from a consumer report as a consider- ation of a loan rehabilitation program, except as described in clause (i). (iv) Definitions For purposes of this subparagraph— (I) the term ‘‘appropriate Federal banking agency’’ has the meaning given the term in section 1813 of title 12; and (II) the term ‘‘private education loan’’ has the meaning given the term in sec- tion 1650(a) of this title. (F) Reporting information during COVID–19 pandemic (i) Definitions In this subsection: