FCRA 7-Year Reporting Rule question
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by Jim
(141.202.246.11) on April 01, 2002 at 13:21:50:
I understand the FCRA was amended to provide greater clarity in determining when the exact date to begin counting the 7 year period begins for reporting limitations (180 days past the first delinquent payment). However, the amendment also includes this clause:
"(2) Effective date. Paragraph (1) shall apply only to items of information added to the file of a consumer on or after the date that is 455 days after the date of enactment of the Consumer Credit Reporting Reform Act of 1996. " How do these rules apply to accounts delinquent BEFORE 1996?
Follow Ups:
Post a Followup
|
