117 HR 7919 IH: To amend the Fair Credit Reporting Act to permit certain credit repair organizations to dispute credit information directly with a furnisher, and for other purposes. U.S. House of Representatives 2022-05-31 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I117th CONGRESS2d SessionH. R. 7919IN THE HOUSE OF REPRESENTATIVESMay 31, 2022Mr. Lawson of Florida introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Fair Credit Reporting Act to permit certain credit repair organizations to dispute credit information directly with a furnisher, and for other purposes.

1.

Ability of certain credit repair organizations to dispute information directly with a furnisher

Section 623(a)(8) of the Fair Credit Reporting Act (15 U.S.C. 1681s–2(a)(8)) is amended—(1)in the paragraph heading, by striking consumer and inserting consumer and credit repair organization;(2)in subparagraph (A), by striking consumer. and inserting consumer or credit repair organization.;(3)in subparagraph (B)—(A)in clause (ii), by adding and at the end;(B)in clause (iii)—(i)by striking consumer and inserting consumer or the credit repair organization; and(ii)by striking ; and and inserting a period; and(C)by striking clause (iv);(4)in subparagraph (D), by striking consumer and inserting consumer or credit repair organization;(5)in subparagraph (E)—(A)in the matter preceding clause (i), by striking from a consumer and inserting from a consumer or credit repair organization;(B)in clause (ii), by striking consumer and inserting consumer or credit repair organization; and(C)in clause (iii), by striking to the consumer and inserting to the consumer or credit repair organization that submitted the notice;(6)in subparagraph (F)—(A)in clause (i)—(i)in the matter preceding subclause (I), by striking consumer and inserting consumer or credit repair organization;(ii)in subclause (I), by striking consumer and inserting consumer or credit repair organization; and(iii)in subclause (II), by striking by a consumer and inserting by a consumer or credit repair organization; and(B)in clause (ii)—(i)by striking notify the consumer and inserting notify the consumer or credit repair organization that submitted the dispute notice; and(ii)by striking by the consumer and inserting by the consumer or credit repair organization; and(7)by amending subparagraph (G) to read as follows:(G)

Credit repair organization defined

For purposes of this paragraph, the term credit repair organization means an entity authorized to act on behalf of a consumer that—(i) is a credit repair organization, as defined in section 403(3); or(ii)but for section 403(3)(B)(i), would be such a credit repair organization..