CHAPTER 118

H.P. 419 - L.D. 556

An Act To Establish New Standards for Credit Reporting

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 10 MRSA §1315, sub-§1, ¶D is enacted to read:

D.__The procedures adopted by the consumer reporting agency pursuant to section 1317 to enable a consumer to correct any inaccurate information contained in that consumer's consumer report.

Sec. 2. 10 MRSA §1316, sub-§2-A, as enacted by PL 1985, c. 140, §2, is repealed.

Sec. 3. 10 MRSA §1316, sub-§2-B is enacted to read:

2-B.__Fees for disclosures.__Notwithstanding any other provision of this chapter, a consumer reporting agency may not impose a fee for a consumer report provided to a consumer upon request once during any 12- month period.__For a 2nd or subsequent report made during a 12-month period, a consumer reporting agency may charge a consumer a fee not to exceed $5.