secondchances Posted January 4, 2008 Report Share Posted January 4, 2008 To make sure that I understand this correctly, a data furnisher CAN report incomplete information to the bureaus as long as the data being reported is accurate. For instance, a CA can report the DOLA as n/a and the DOFD as N/A as long as the balance is correct? Link to comment Share on other sites More sharing options...
secondchances Posted January 4, 2008 Author Report Share Posted January 4, 2008 apparently, I am not understanding this correctly. Section 623(a)(5) states that the DOFD should be reported within 90 days of the account being reported to the CRA. I can't determine if the DOLA has to be reported but I think that we can pretty much conclude that if it is reported, it must be accurate. My question now is what responsibility do the CRAs have in this? If a data furnisher does not supply the information and the CRA knows that they have to, can they be held liable for non compliance? Link to comment Share on other sites More sharing options...
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