117 STAT. 1970
after the date on which the request is received under paragraph (1). ‘‘(3) REINVESTIGATIONS.—Notwithstanding the time periods specified in section 611(a)(1), a reinvestigation under that section by a consumer reporting agency upon a request of a consumer that is made after receiving a consumer report under this subsection shall be completed not later than 45 days after the date on which the request is received. ‘‘(4) EXCEPTION FOR FIRST 12 MONTHS OF OPERATION.—This subsection shall not apply to a consumer reporting agency that has not been furnishing consumer reports to third parties on a continuing basis during the 12-month period preceding a request under paragraph (1), with respect to consumers residing nationwide.’’; (3) by redesignating subsection (d) as subsection (e); (4) by inserting before subsection (e), as redesignated, the following: ‘‘(d) FREE DISCLOSURES IN CONNECTION WITH FRAUD ALERTS.— Upon the request of a consumer, a consumer reporting agency described in section 603(p) shall make all disclosures pursuant to section 609 without charge to the consumer, as provided in subsections (a)(2) and (b)(2) of section 605A, as applicable.’’; (5) in subsection (e), as redesignated, by striking ‘‘subsection (a)’’ and inserting ‘‘subsection (f)’’; and (6) in subsection (f), as redesignated, by striking ‘‘Except as provided in subsections (b), (c), and (d), a’’ and inserting ‘‘In the case of a request from a consumer other than a request that is covered by any of subsections (a) through (d), a’’. (b) CIRCUMVENTION PROHIBITED.—The Fair Credit Reporting Act (15 U.S.C. 1681 et seq.) is amended by adding after section 628, as added by section 216 of this Act, the following new section:
Deadline.
15 USC 1681x. Regulations. Effective date.
VerDate 11-MAY-2000
10:15 Aug 27, 2004
PUBLIC LAW 108–159—DEC. 4, 2003
‘‘§ 629. Corporate and technological circumvention prohibited ‘‘The Commission shall prescribe regulations, to become effective not later than 90 days after the date of enactment of this section, to prevent a consumer reporting agency from circumventing or evading treatment as a consumer reporting agency described in section 603(p) for purposes of this title, including— ‘‘(1) by means of a corporate reorganization or restructuring, including a merger, acquisition, dissolution, divestiture, or asset sale of a consumer reporting agency; or ‘‘(2) by maintaining or merging public record and credit account information in a manner that is substantially equivalent to that described in paragraphs (1) and (2) of section 603(p), in the manner described in section 603(p).’’. (c) SUMMARY OF RIGHTS TO OBTAIN AND DISPUTE INFORMATION IN CONSUMER REPORTS AND TO OBTAIN CREDIT SCORES.—Section 609(c) of the Fair Credit Reporting Act (15 U.S.C. 1681g) is amended to read as follows: ‘‘(c) SUMMARY OF RIGHTS TO OBTAIN AND DISPUTE INFORMATION IN CONSUMER REPORTS AND TO OBTAIN CREDIT SCORES.— ‘‘(1) COMMISSION SUMMARY OF RIGHTS REQUIRED.— ‘‘(A) IN GENERAL.—The Commission shall prepare a model summary of the rights of consumers under this title.
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