The Fair Credit Reporting Act in Florida
Florida has a protection law that provides for the rights to place a security freeze on a consumer report (501.005). Florida also has Section 626.9741 which applies to the use of credit reports and scores by insurers. This section provides that an insurer must inform an applicant or insured, in the same medium as the application is taken, that a credit report or score is being requested for underwriting or rating purposes. An insurer that makes an adverse decision based, in whole or in part, upon a credit report must provide at no charge, a copy of the credit report to the applicant or insured or provide the applicant or insured with the name, address, and telephone number of the consumer reporting agency from which the insured or applicant may obtain the credit report. The insurer must provide notification to the consumer explaining the reasons for the adverse decision. This law also provides that an insurer may not request a credit report or score based upon the race, color, religion, marital status, age, gender, income, national origin, or place of residence of the applicant or insure; and an insurer may not make an adverse decision solely because of information contained in a credit report or score without consideration of any other underwriting or rating factor.
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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.