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Can you summarize NDCC Chapter 51-31?
Sales and Exchanges > Identity Fraud
Short Summary
This legal document governs the practices and definitions related to consumer reporting agencies, consumer reports, and consumer credit information. It defines key terms such as ‘consumer,’ ‘consumer report,’ and ‘consumer reporting agency.’ The document clarifies that a consumer reporting agency is any person who regularly engages in assembling or evaluating consumer credit information for the purpose of furnishing consumer reports to third parties. However, certain agencies, resellers engaged in reselling consumer information, and nationwide specialty consumer reporting agencies maintaining check writing history are exempt from this definition. The document also explains that the term ‘file’ refers to all the information on a consumer reported and retained by a consumer reporting agency, regardless of how it is stored. No specific penalties are mentioned in this document.
Whom does it apply to?
Consumer reporting agencies, consumers
What does it govern?
Consumer reporting agencies, consumer reports, and consumer credit information
What are exemptions?
Certain agencies, resellers engaged in reselling consumer information, and nationwide specialty consumer reporting agencies maintaining check writing history are exempt from the definition of consumer reporting agency
What are the Penalties?
No specific penalties are mentioned in this document
Jurisdiction
North Dakota