Arizona Laws 44-1705. Information statement; contents
The information statement shall include all of the following:
Terms Used In Arizona Laws 44-1705
- Buyer: means any natural person who is solicited to purchase or who purchases the services of a credit services organization. See Arizona Laws 44-1701
- Consumer: means an individual. See Arizona Laws 44-1691
- Credit services organization: means a person who, with respect to the extension of credit by others, sells, provides, performs or represents that he can or will sell, provide or perform any of the following services in return for the payment of monies or other valuable consideration:
(a) Improving a buyer's credit record, history or rating. See Arizona Laws 44-1701
- File: when used in connection with information on any consumer, means all of the information on that consumer recorded and retained by a consumer reporting agency regardless of how the information is stored. See Arizona Laws 44-1691
1. A complete and accurate statement of the buyer‘s right to review any file on the buyer maintained by a consumer credit reporting agency and the right of the buyer to receive a copy of that file, as provided by section 44-1693. The statement shall include the approximate price the buyer will be charged by the credit reporting agency for a copy of the file.
2. A complete and accurate statement of the buyer’s right to dispute the completeness or accuracy of any item contained in any file on the buyer maintained by any consumer credit reporting agency as provided by section 44-1694.
3. A complete and detailed description of the services to be performed by the credit services organization for or on behalf of the buyer and the total amount the buyer has to pay, or become obligated to pay, for the services.
4. If the credit services organization is required to obtain a surety bond pursuant to section 44-1703, the statement shall set forth both of the following:
(a) The buyer’s right to proceed against the bond under the circumstances and in the manner set forth in section 44-1708.
(b) The name and address of the surety company which issued the bond.