Bill Text: NC S357 | 2015-2016 | Regular Session | Amended
Bill Title: Prohibit Improper Reporting to Credit Agency
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2015-03-26 - Re-ref to Commerce. If fav, re-ref to Judiciary I [S357 Detail]
Download: North_Carolina-2015-S357-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2015
S 1
SENATE BILL 357
Short Title: Prohibit Improper Reporting to Credit Agency. |
(Public) |
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Sponsors: |
Senators Bingham (Primary Sponsor); B. Jackson, Lee, Robinson, and Waddell. |
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Referred to: |
Rules and Operations of the Senate. |
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March 24, 2015
A BILL TO BE ENTITLED
AN ACT to require that debt collectors and collection agencies correct inaccurate information reported to credit agencies.
The General Assembly of North Carolina enacts:
SECTION 1. Article 2 of Chapter 75 of the General Statutes is amended by adding a new section to read:
"§ 75‑57. Duty to correct incorrect information reported to credit reporting agencies.
A debt collector shall have a duty to verify the accuracy of, and to correct any incorrect information in, any report made by the debt collector to a credit reporting agency upon notification by a consumer that the information is incorrect. Failure to comply with this section within 60 days of receipt of written notification from a consumer that the debt collector has included inaccurate information in a report to a credit reporting agency shall be an unfair and deceptive trade practice under G.S. 75‑1.1."
SECTION 2. Article 70 of Chapter 58 of the General Statutes is amended by adding a new Part to read:
"Part 6. Miscellaneous Provisions.
"§ 58‑70‑170. Duty to correct incorrect information reported to credit reporting agencies.
A collection agency shall have a duty to verify the accuracy of, and to correct any incorrect information in, any report made by the collection agency to a credit reporting agency upon notification by a debtor that the information is incorrect. Failure to comply with this section within 60 days of receipt of written notification from a debtor that the collection agency has included inaccurate information in a report to a credit reporting agency shall be an unfair and deceptive trade practice under G.S. 75‑1.1."
SECTION 3. This act becomes effective October 1, 2015.