The Fair Credit Reporting Act in Arkansas

The state of Arkansas has Arkansas Code 23-67-405 – The Use of Credit Information.  This law provides that it is unlawful for an insurance company doing business in Arkansas to use a credit score that is calculated using income, gender, address, zip code, ethnic group, religion, marital status, or nationality of the consumer as a factor; provides that an insurer cannot deny, cancel or refuse to renew a policy; or based renewal rates, solely on the bases of credit information.  Section 406 of this same Act provides for a dispute resolution and error correction procedure.   However, this latter portion providing for a dispute resolution procedure conflicts with the federal Fair Credit Reporting Act, and therefore would not be of any use.  Consumers in Arkansas should still look to the FCRA for protection.

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.