Credit Report Problems

Credit Report Problems

The Fair Credit Reporting Act in New York

New York Consolidated Laws, Article 25, Section 380-j provides that a consumer reporting agency may not report information relative to an arrest or criminal charge unless there has been a conviction for such arrest.  A conviction may not be reported by more than 7 years from the date of conviction, release, or parole.  Also, this law does not apply if the position of employment is reasonably expected to pay $25,000 or more. This law was enacted in 1977 and is therefore effective.

New York has not enacted any laws that refer specifically to credit information on a consumer’s credit file. The federal Fair Credit Reporting Act provides ample protection for consumers in this area, and consumers in New York  should look to federal law for assistance.

Contact SmithMarco, P.C., Today

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.