Montana Code 31-3-112. Obsolete information
31-3-112. Obsolete information. No consumer reporting agency may make any consumer report containing any of the following items of information:
Terms Used In Montana Code 31-3-112
- Arrest: Taking physical custody of a person by lawful authority.
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Conviction: A judgement of guilt against a criminal defendant.
- Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
(1)bankruptcies which, from date of adjudication of the most recent bankruptcy, antedate the report by more than 14 years;
(2)suits and judgments which, from date of entry, antedate the report by more than 7 years or until the governing statute of limitations has expired, whichever is the longer period;
(3)paid tax liens which, from date of payment, antedate the report by more than 7 years;
(4)accounts placed for collection or charged to profit and loss which antedate the report by more than 7 years;
(5)records of arrest, indictment, or conviction of crime which, from date of disposition, release, or parole, antedate the report by more than 7 years;
(6)any other adverse item of information which antedates the report by more than 7 years.