Vermont Statutes Title 9 Sec. 2483
Terms Used In Vermont Statutes Title 9 Sec. 2483
- Consumer: means any person who purchases, leases, contracts for, or otherwise agrees to pay consideration for goods or services not for resale in the ordinary course of the person's trade or business but for the person's use or benefit or the use or benefit of a member of the person's household, or in connection with the operation of the person's household or a farm whether or not the farm is conducted as a trade or business, or a person who purchases, leases, contracts for, or otherwise agrees to pay consideration for goods or services not for resale in the ordinary course of the person's trade or business but for the use or benefit of the person's business or in connection with the operation of the person's business. See
- 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
- Fraud: Intentional deception resulting in injury to another.
- Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
- services: shall include any objects, wares, goods, commodities, work, labor, intangibles, courses of instruction or training, securities, bonds, debentures, stocks, real estate, or other property or services of any kind. See
§ 2483. Applicability
This subchapter does not apply to the use of a protected consumer‘s credit report or record by:
(1) a person administering a credit file monitoring subscription service to which:
(A) the protected consumer has subscribed; or
(B) the protected consumer’s representative has subscribed on the protected consumer’s behalf;
(2) a person who, upon request from the protected consumer or the protected consumer’s representative, provides the protected consumer or the protected consumer’s representative with a copy of the protected consumer’s credit report;
(3) a check services or fraud prevention services company that issues:
(A) reports on incidents of fraud; or
(B) authorization for the purpose of approving or processing negotiable instruments, electronic funds transfers, or similar payment methods;
(4) a deposit account information service company that issues reports regarding account closures due to fraud, substantial overdrafts, automated teller machine abuse, or similar information regarding an individual to inquiring banks or other financial institutions for use only in reviewing an individual’s request for a deposit account at the inquiring bank or financial institution;
(5) an insurance company for the purpose of conducting the insurance company’s ordinary business;
(6) a consumer reporting agency that:
(A) only resells credit information by assembling and merging information contained in a database of another consumer reporting agency or multiple consumer reporting agencies; and
(B) does not maintain a permanent database of credit information from which new credit reports are produced; or
(7) a consumer reporting agency’s database or file that consists of information that:
(A) concerns and is used for:
(i) criminal record information;
(ii) fraud prevention or detection;
(iii) personal loss history information; or
(iv) employment, tenant, or individual background screening; and
(B) is not used for credit granting purposes. (Added 2017, No. 179 (Adj. Sess.), § 5, eff. Jan. 1, 2019.)