Enacts new GS 75-57 in Article 2, "Prohibited Acts by Debt Collectors," of GS Chapter 75 (Monopolies, Trusts, and Consumer Protections) as the title indicates. Imposes a duty on debt collectors to (1) verify the accuracy of and (2) correct inaccurate information in any report by the debt collector to a credit reporting agency upon a consumer's notification that the information is incorrect.Makes failing to comply with this section within 60 days of receiving written notification of the inaccurate information from the consumer an unfair and deceptive trade practice under GS 75-1.1.
Enacts new GS 58-70-170 and creates new Part 6, "Miscellaneous Provisions," to add the identical provision as it concerns collection agencies to Article 70, "Collection Agencies," of GS Chapter 58 (Insurance).
Effective October 1, 2015.
PROHIBIT IMPROPER REPORTING TO CREDIT AGENCY.
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| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO REQUIRE THAT DEBT COLLECTORS AND COLLECTION AGENCIES CORRECT INACCURATE INFORMATION REPORTED TO CREDIT AGENCIES.Intro. by Bingham.
Status: Re-ref to Commerce. If fav, re-ref to Judiciary I (Senate Action) (Mar 26 2015)
Bill History:
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Mon, 23 Mar 2015 Senate: Filed
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Tue, 24 Mar 2015 Senate: Passed 1st Reading
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Tue, 24 Mar 2015 Senate: Ref To Com On Rules and Operations of the Senate
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Thu, 26 Mar 2015 Senate: Withdrawn From Com
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Thu, 26 Mar 2015 Senate: Re-ref to Commerce. If fav, re-ref to Judiciary I
S 357
Bill Summaries:
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Bill S 357 (2015-2016)Summary date: Mar 23 2015 - View Summary
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