Chapter 50: Unfair Trade And Consumer Protection

Article 7: Fair Credit Reporting

Statute 50-703: Permissible purposes of reports. A consumer reporting agency may furnish a consumer report under the following circumstances and no other:

      (a)   In response to the order of a court having jurisdiction to issue such an order;

      (b)   in accordance with the written instructions of the consumer to whom it relates; and

      (c)   to a person which it has reason to believe

      (1)   intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of, the consumer; or

      (2)   intends to use the information for employment purposes; or

      (3)   intends to use the information in connection with the underwriting of insurance involving the consumer; or

      (4)   intends to use the information in connection with a determination of the consumer's eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant's financial responsibility or status; or

      (5)   otherwise has a legitimate business need for the information in connection with a business transaction involving the consumer.

      History:   L. 1973, ch. 85, § 138; Jan. 1, 1974.