H.R. 9639

FAIR Credit Act

Sponsor: Rashida Tlaib

3 cosponsors
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I Restoring the Impaired Credit of Victims of Predatory Activities and Unfair Consumer Reporting Practices

Sec. 102. Mandates the expedited removal of fully paid or settled debt from consumer reports

Section 605(a) of the Fair Credit Reporting Act (15 U.S.C. 1681c(a)), as amended by section 101(a)(1), is further amended by adding at the end the following new paragraph:

Text this section adds to the law

(13) Any other adverse item of information related to a fully paid or settled debt that had been characterized as delinquent, charged off, or in collection which, from the date of payment or settlement, antedates the report by more than 45 calendar days.

II Expanding Access to Tools to Protect Vulnerable Consumers From Identity Theft, Fraud, or a Related Crime, and Protect Victims From Further Harm

III Miscellaneous