US Laws, Codes, Statutes & Cases

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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 15USC1666a]

 
                      TITLE 15--COMMERCE AND TRADE
 
                 CHAPTER 41--CONSUMER CREDIT PROTECTION
 
              SUBCHAPTER I--CONSUMER CREDIT COST DISCLOSURE
 
                         Part D--Credit Billing
 
Sec. 1666a. Regulation of credit reports


(a) Reports by creditor on obligor's failure to pay amount regarded as 
        billing error

    After receiving a notice from an obligor as provided in section 
1666(a) of this title, a creditor or his agent may not directly or 
indirectly threaten to report to any person adversely on the obligor's 
credit rating or credit standing because of the obligor's failure to pay 
the amount indicated by the obligor under section 1666(a)(2) of this 
title, and such amount may not be reported as delinquent to any third 
party until the creditor has met the requirements of section 1666 of 
this title and has allowed the obligor the same number of days (not less 
than ten) thereafter to make payment as is provided under the credit 
agreement with the obligor for the payment of undisputed amounts.

(b) Reports by creditor on delinquent amounts in dispute; notification 
        of obligor of parties notified of delinquency

    If a creditor receives a further written notice from an obligor that 
an amount is still in dispute within the time allowed for payment under 
subsection (a) of this section, a creditor may not report to any third 
party that the amount of the obligor is delinquent because the obligor 
has failed to pay an amount which he has indicated under section 
1666(a)(2) of this title, unless the creditor also reports that the 
amount is in dispute and, at the same time, notifies the obligor of the 
name and address of each party to whom the creditor is reporting 
information concerning the delinquency.

(c) Reports by creditor of subsequent resolution of delinquent amounts

    A creditor shall report any subsequent resolution of any 
delinquencies reported pursuant to subsection (b) of this section to the 
parties to whom such delinquencies were initially reported.

(Pub. L. 90-321, title I, Sec. 162, as added Pub. L. 93-495, title III, 
Sec. 306, Oct. 28, 1974, 88 Stat. 1513.)

                  Section Referred to in Other Sections

    This section is referred to in sections 1637, 1666 of this title.