Debt Collection Act of 1981: Hearings Before the Committee on Governmental Affairs, United States Senate, Ninety-seventh Congress, First Session, on S. 1249 ... April 23 and June 17, 1981

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U.S. Government Printing Office, 1981 - 176 páginas
 

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Página 18 - consumer reporting agency' means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and which uses any means or facility of interstate commerce for the purpose of preparing or furnishing consumer reports.
Página 125 - ... the consumer reporting agency shall within a reasonable period of time reinvestigate and record the current status of that information unless it has reasonable grounds to believe that the dispute by the consumer is frivolous or irrelevant.
Página 18 - USC 249) is amended by striking out "and" at the end of paragraph (6), by striking out the period at the end of paragraph (7) and inserting in lieu thereof " ; and", and by adding at the end thereof the following new paragraph : "(8...
Página 123 - See, eg. Hearings before the Subcommittee on Consumer Credit of the Senate Committee on Banking, Housing and Urban Affairs on S. 2360 to Amend the Fair Credit Reporting Act (93rd Congress, 1973) and on S.
Página 22 - October 15 of any year if the adjusted prime rate charged by banks during September of that year, rounded to the nearest full percent, is at least a full percentage point more or less than the interest rate which is then in effect. Any such adjusted rate of interest shall be equal to the adjusted prime rate charged by banks, rounded to the nearest full percent, and shall become effective on February 1 of the immediately succeeding year.
Página 21 - The deductions may be made only from basic pay, special pay, incentive pay, retired pay, retainer pay, or, in the case of an individual not entitled to basic pay, other authorized pay.
Página 111 - ... (D) intends to use the information in connection with a determination of the consumer's eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant's financial responsibility or status; or (E) otherwise has a legitimate business need for the information in connection with a business transaction involving the consumer.
Página 61 - Government. § 105.7 Referrals to GAO. Referrals of claims to the General Accounting Office will be in accordance with instructions, including monetary limitations, contained in the General Accounting Office Policy and Procedures Manual for the Guidance of Federal Agencies.
Página 127 - ... providing consumer credit information. (d) The Commission shall ensure that information disclosed to the consumer reporting agency is limited to— (1) Information necessary to establish the identity of the individual, including name, address, and taxpayer identification number; (2) The amount, status, and history of the claim; and (3) The agency or program under which the claim arose. (e) All accounts in excess of $100 that have been delinquent more than 31 days will normally be referred to...
Página 17 - Debt Collection Act of 1982 at the Interstate Commerce Commission (ICC). The purpose of the Act is to give agencies the ability to more aggressively pursue debts owed the Federal Government and to increase the efficiency of governmentwide efforts to collect debts owed the United States. The authority for these regulations is found in the Debt Collection Act of 1982 (Pub.

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