The Fair Credit Reporting Act in Nevada
Nevada Revised Statutes 598C.150(2) provides that a reporting agency must periodically purge from its files and not disclose any civil judgment, criminal proceedings or other adverse information which precedes the report by more than 7 years. This law was enacted in 1993 and is therefore effective.
Nevada also has a statute as it pertains to the reporting and use of credit information. There is a provision that states that a person cannot procure a consumer report from a consumer reporting agency with the intent on selling that report unless it is clearly disclosed to the agency. Like the FCRA, the state law provides for the duties of a consumer reporting agency to furnish a report to a consumer upon request, and that the report must contain all the sources of information, but also a list of all those persons or companies that have seen the report within the last two years if for employment purposes, and 6 months for any other purpose. The state law also provides for a dispute procedure for a consumer seeking to challenge inaccurate information. However, this procedural requirement is no different from the FCRA.
Finally, the Nevada law provides for the requirement of a company taking adverse action against an individual based upon information in their report to notify that person of the action taken and provide information of the reporting agency that provided the information. This section also is a requirement under the FCRA.
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If you have an error or inaccurate information on your credit report, there are actions that you can take. Contact SmithMarco, P.C., today for a completely free case review.