Page:United States Statutes at Large Volume 117.djvu/1971

 117 STAT. 1952

PUBLIC LAW 108–159—DEC. 4, 2003

Public Law 108–159 108th Congress An Act Dec. 4, 2003 [H.R. 2622]

Fair and Accurate Credit Transactions Act of 2003. 15 USC 1601 note.

To amend the Fair Credit Reporting Act, to prevent identity theft, improve resolution of consumer disputes, improve the accuracy of consumer records, make improvements in the use of, and consumer access to, credit information, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) SHORT TITLE.—This Act may be cited as the ‘‘Fair and Accurate Credit Transactions Act of 2003’’. (b) TABLE OF CONTENTS.—The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Definitions. Sec. 3. Effective dates. TITLE I—IDENTITY THEFT PREVENTION AND CREDIT HISTORY RESTORATION Sec. Sec. Sec. Sec.

111. 112. 113. 114.

Sec. 115.

Subtitle A—Identity Theft Prevention Amendment to definitions. Fraud alerts and active duty alerts. Truncation of credit card and debit card account numbers. Establishment of procedures for the identification of possible instances of identity theft. Authority to truncate social security numbers.

Subtitle B—Protection and Restoration of Identity Theft Victim Credit History Sec. 151. Summary of rights of identity theft victims. Sec. 152. Blocking of information resulting from identity theft. Sec. 153. Coordination of identity theft complaint investigations. Sec. 154. Prevention of repollution of consumer reports. Sec. 155. Notice by debt collectors with respect to fraudulent information. Sec. 156. Statute of limitations. Sec. 157. Study on the use of technology to combat identity theft. TITLE II—IMPROVEMENTS IN USE OF AND CONSUMER ACCESS TO CREDIT INFORMATION Sec. 211. Free consumer reports. Sec. 212. Disclosure of credit scores. Sec. 213. Enhanced disclosure of the means available to opt out of prescreened lists. Sec. 214. Affiliate sharing. Sec. 215. Study of effects of credit scores and credit-based insurance scores on availability and affordability of financial products. Sec. 216. Disposal of consumer report information and records. Sec. 217. Requirement to disclose communications to a consumer reporting agency. TITLE III—ENHANCING THE ACCURACY OF CONSUMER REPORT INFORMATION Sec. 311. Risk-based pricing notice.

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