Sec. 36a-696. (Formerly Sec. 36-432). Disclosure to consumer of information re credit report.
Sec. 36a-696. (Formerly Sec. 36-432). Disclosure to consumer of information
re credit report. (a) No creditor shall take adverse action based wholly or in part on a
credit report on any consumer applying to such creditor for credit for personal, family
or household purposes without first disclosing to the consumer the name and address
of the credit rating agency which issued the report.
(b) Upon written request and proper identification of any consumer, a credit rating
agency shall disclose to the consumer, within five business days of receipt of the consumer's request, the nature and substance of all information in its files, including (1) any
credit score or predictor relating to the consumer, as required by and in a form and manner
that complies with the federal Fair Credit Reporting Act and commentary adopted and
enforced by the Federal Trade Commission; (2) a record of all inquiries, by recipient,
including the recipient's name which resulted in providing a credit report concerning
the consumer during the preceding twelve-month period; (3) a clear and concise explanation of the information; and (4) a written summary of the consumer's rights under state
and federal consumer credit reporting statutes in a form substantially similar to the
summary in section 36a-699a. The credit rating agency may charge no more than five
dollars for the first request for such information within the preceding twelve months
and no more than seven dollars and fifty cents for any additional request within the
same twelve-month period for such information, provided such disclosure shall be made
without charge to the consumer if the request for disclosure is made not more than sixty
days after notification to the consumer of an adverse action by a creditor.
(1971, P.A. 868, S. 2; P.A. 87-146, S. 2; P.A. 92-12, S. 86; P.A. 95-104, S. 1.)
History: P.A. 87-146 amended Subsec. (b) by requiring disclosure to be made without charge to the consumer if the
request for disclosure is made not more than 30 days after notification to the consumer of an adverse action by a creditor;
P.A. 92-12 made technical changes; Sec. 36-432 transferred to Sec. 36a-696 in 1995; P.A. 95-104 divided section into
Subsecs. and amended Subsec. (b) by adding a 5-day disclosure deadline, adding Subdiv. (1) providing for disclosure of
any credit score or predictor relating to the customer, Subdiv. (2) requiring a record of all inquiries by recipient, Subdiv.
(3) requiring a clear and concise explanation of the information and Subdiv. (4) requiring a written summary of the
consumer's rights, and adding the maximum charge by the credit rating agency and changing the request period from 30
to 60 days for disclosures without charge.
See Sec. 36a-699a re written summary of consumer's rights.
See Sec. 36a-699b re dispute by consumer re completeness or accuracy of information.
See Sec. 36a-699c re procedures by credit rating agency to assure accuracy.
See Sec. 36a-699d re credit report for use in credit transaction not initiated by consumer.
See Sec. 36a-699e re existing consent judgment or settlement with Attorney General.