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FAIR CREDIT REPORTING ACT |
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| The latest amendment to the Fair Credit Reporting Act was signed into law
in November of 1998, and is referred to as the Consumer Reporting Employment Clarification
Act of 1998. Please note the following changes in that Act that will have a direct effect
on what Interstate Background Research, Inc. will and will not be able to report in the
future. Under the latest amendment, 605(a)(5) has been deleted altogether, and replaced by the following rules: (A) Civil suits, civil judgments, records of arrest, paid tax liens, bad debts and any other adverse item of information, except criminal convictions may only be reported for seven (7) years, ten (10) years for bankruptcy. (B) "Records of convictions of crimes" are exempted from the seven (7) year rule. Consumer reports on individuals expected to earn more than $75,000.00 per year continue to be exempt from all the time limitations. Interstate Background Research will continue to report all information found on record for 7 years, however, will only report convictions after the 7 year period to remain in compliance with the Fair Credit Reporting Act. CLICK HERE to view CLICK
HERE to view CLICK HERE
to view CLICK
HERE to view |
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1999-2002 Interstate Background Research Inc.
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