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)
Sponsors:	Senators Bingham (Primary Sponsor);  B. Jackson, Lee, Robinson, and Waddell.
Referred to:	Rules and Operations of the Senate.

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.