Section 112.01 DISCLOSURES TO CONSUMER
(a) A credit reporting agency, as defined in
9 V.S.A. §
2480a, shall cause its name and telephone
number to be listed under the heading "Credit Reporting Agency" in each NYNEX
White Pages Directory and each NYNEX Yellow Pages Directory serving the
following communities: Barre, Bennington, Brattleboro, Burlington/Middlebury,
Newport, Rutland, St. Albans, St. Johnsbury and White River Junction.
(b) The telephone number listed pursuant to
Section 112.01(a) of this Rule shall be the telephone number consumers can use
to request the information required to be disclosed pursuant to
9 V.S.A. §
2480b(a), which is all
information available to users at the time of the request pertaining to the
consumer, including but not limited to:
(1)
any credit score or predictor relating to the consumer prepared during the six
months prior to the consumer's request, or prepared after January 1, 1993,
whichever period is shorter;
(2)
the names of users requesting information pertaining to the consumer during the
prior twelve month period and the date of each request; and
(3) a clear and concise explanation of the
information contained in the credit report.
(c) The telephone number listed pursuant to
Section 112.01(a) of this Rule also shall be the telephone number consumers can
use to request a free copy of their credit report pursuant to
9
V.S.A. §
2480c(a).
Section 112.02 CHARGES FOR CERTAIN
DISCLOSURES BY CREDIT REPORTING AGENCIES
The requirement of
9
V.S.A. §
2480c(a),
that a credit reporting agency shall not impose a charge for providing the
information required to be disclosed under
9 V.S.A. §
2480b(a) once every twelve
months, is not satisfied by providing a consumer with disclosures and reports
pursuant to
15 U.S.C.
§
1681 j within 30 days after
receipt by such consumer of a notification that the consumer's credit rating
may be or has been adversely affected.
Section 112.03 CONSUMER CONSENT
(a) A person required to obtain consumer
consent pursuant to
9 V.S.A. §§
2480e and
2480g shall obtain
said consent in writing if the consumer has made a written application or
written request for credit, insurance, employment, housing or governmental
benefit. If the consumer has applied for or requested credit, insurance,
employment, housing or governmental benefit in a manner other than in writing,
then the person required to obtain consumer consent pursuant to
9 V.S.A. §§
2480e and
2480g shall obtain
said consent in writing or in the same manner in which the consumer made the
application or request. The terms of this rule apply whether the consumer or
the person required to obtain consumer consent initiates the
transaction.
(b) Consumer consent
required pursuant to
9 V.S.A. §§
2480e and
2480g shall be deemed
to have been obtained in writing if, after a clear and adequate written
disclosure of the circumstances under which a credit report or credit reports
may be obtained and the purposes for which the credit report or credit reports
may be obtained, the consumer indicates his or her consent by providing his or
her signature.
(c) The fact that a
clear and adequate written consent form is signed by the consumer after the
consumer's credit report has been obtained pursuant to some other form of
consent shall not affect the validity of the earlier consent.Statutory
Authority:
9 V.S.A.
§§
2453(c)
and
2480f(c)
