CFR > Title 12 > Chapter X > Part 1022 > Subpart F – Duties of Users Regarding Obtaining and Using Consumer Reports
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| § 1022.54 | Duties of users making written firm offers of credit or insurance based on information contained in consumer files |
Terms Used In CFR > Title 12 > Chapter X > Part 1022 > Subpart F - Duties of Users Regarding Obtaining and Using Consumer Reports
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- corporation: includes associations, joint-stock companies, and insurance companies. See 26 CFR 36.3121(l)(1)-1
- Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. Source: OCC
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1