The Fair Credit Reporting Act in Vermont
Vermont has its own Fair Credit Reporting Act. However, this law is not just like the Federal FCRA. It has three main components. The first part deals with disclosures of reports to consumers and provides that a credit reporting agency shall, upon request and proper identification, provide the consumer a copy of his or her credit file. But this law also requires the disclosure of any credit score predictor used by that agency as it relates to that consumer. The second part deals with when a credit reporting agency can charge for providing a consumer his or her report. The third part provides for the rights and responsibilities of citizens and credit reporting agencies in having security freezes placed on a credit file.
It should be noted here that in Vermont the statute uses the term “credit report” unlike the federal FCRA that uses the term “consumer report.” Consumer reports under the FCRA are more expansive and include background checks. While the actual definition of “credit report” in the Vermont law appears to be the same definition of the federal law, the use of the term “credit” consistently throughout the statute calls into question whether an employee background report that contained no credit information would fall into the protection of this law.
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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.