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.
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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.