ciscoguyinkc Posted November 26, 2004 Report Share Posted November 26, 2004 I have read somewhere that NY, MA, and maybe another state have shorter allowed reporting periods for CRAs. Is this true? And if so, what if a person just MOVES to NY? Would all of the entries over 4 years old drop off upon dispute? Link to comment Share on other sites More sharing options...
DocDon Posted November 26, 2004 Report Share Posted November 26, 2004 Where did you read that? The FCRA states negative information (some exceptions: bk, liens..) remain for 7 years. ? Link to comment Share on other sites More sharing options...
ciscoguyinkc Posted November 26, 2004 Author Report Share Posted November 26, 2004 Thanks for the reply Doc. I read it either here, Creditboards, AOC or maybe even the collectionindustry forums. It was mantioned that a couple states have laws that are more restrictive to the CRAs. I don't know whether or not it is valid, so I asked here.T Link to comment Share on other sites More sharing options...
DocDon Posted November 27, 2004 Report Share Posted November 27, 2004 Thanks. I've heard the rumor here before too, but wasn't sure if you had found something more concrete elsewhere.States can have their own laws, but I don't believe they can be weaker than the FCRA or FDCPA. They at least have to be equally as powerful as is my understanding. Link to comment Share on other sites More sharing options...
ciscoguyinkc Posted November 27, 2004 Author Report Share Posted November 27, 2004 I agree with you; however, The FCRA is not intended to restrict the consumer. A shorter time-limit would actually be a stricter limit on a reporting creditor/CA. That's why I found it feasible. Maybe we'll find the answer somewhere. T Link to comment Share on other sites More sharing options...
DocDon Posted November 27, 2004 Report Share Posted November 27, 2004 Actually a shorter reporting time would contradict the 7-year reporting guideline set in the FCRA....See what you can find though. It would be interesting to see that angle. Link to comment Share on other sites More sharing options...
retmar Posted November 27, 2004 Report Share Posted November 27, 2004 I have heard the same, Doc. I don't remember which State's exactly, but, it has been mentioned before that some have a 5 year limit on them.As to the relationship between Federal and State, remember FDCPA 816. It says the State will take precedence if it offers more protection to the consumer. FCRA 624(d)(2)© says the same thing. Link to comment Share on other sites More sharing options...
DocDon Posted November 27, 2004 Report Share Posted November 27, 2004 Section (E) states: section 605 [§ 1681c], relating to information contained in consumer reports, except that this subparagraph shall not apply to any State law in effect on the date of enactment of the Consumer Credit Reporting Reform Act of 1996.......So am I reading that correctly by saying any state law indicating a shorter reporting period must have been on the books prior to 1996? Link to comment Share on other sites More sharing options...
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