New Hampshire Revised Statutes 359-B:5 – Obsolete Information
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I. Except as authorized under paragraph II, no consumer reporting agency may make any consumer report containing any of the following items of information:
(a) Bankruptcies which, from date of adjudication of the most recent bankruptcy, antedate the report by more than 10 years.
(b) 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.
(c) Paid tax liens which, from date of payment, antedate the report by more than 7 years.
(d) Accounts placed for collection or charged to profit and loss which antedate the report by more than 7 years.
(e) Records of arrest, indictment, or conviction of crime which, from date of disposition, release, or parole, antedate the report by more than 7 years.
(f) Any other adverse item of information which antedates the report by more than 7 years.
II. The provisions of paragraph I are not applicable in the case of any consumer credit report to be used in connection with:
(a) A credit transaction involving, or which may reasonably be expected to involve, a principal amount of $50,000 or more;
(b) The underwriting of life insurance involving, or which may reasonably be expected to involve, a face amount of $50,000 or more; or
(c) The employment of any individual at an annual salary which equals, or which may reasonably be expected to equal, $20,000 or more.
(a) Bankruptcies which, from date of adjudication of the most recent bankruptcy, antedate the report by more than 10 years.
Terms Used In New Hampshire Revised Statutes 359-B:5
- 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.
- Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- 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.
(b) 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.
(c) Paid tax liens which, from date of payment, antedate the report by more than 7 years.
(d) Accounts placed for collection or charged to profit and loss which antedate the report by more than 7 years.
(e) Records of arrest, indictment, or conviction of crime which, from date of disposition, release, or parole, antedate the report by more than 7 years.
(f) Any other adverse item of information which antedates the report by more than 7 years.
II. The provisions of paragraph I are not applicable in the case of any consumer credit report to be used in connection with:
(a) A credit transaction involving, or which may reasonably be expected to involve, a principal amount of $50,000 or more;
(b) The underwriting of life insurance involving, or which may reasonably be expected to involve, a face amount of $50,000 or more; or
(c) The employment of any individual at an annual salary which equals, or which may reasonably be expected to equal, $20,000 or more.