Article (40)

Effective from Jan 31 2025 - Nov 04 2011
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The member shall:

	1.	obtain the written consent of the consumer upon inquiry, and his/her approval to provide licensed companies with his/her credit information;
	2.	not provide companies with any credit information about the consumer if the member knows that such information contains errors or believes that such information may contain incorrect data;
	3.	not provide companies with false credit information about the consumer after the member has been informed by the consumer;
	4.	periodically update the consumer information, at least once a week;
	5.	provide companies, in all circumstances, with correct and complete data about the consumer;
	6.	use the consumer information received from the companies for lawful purposes;
	7.	immediately inform the companies about any closed credit accounts based on the consumer's request;
	8.	not disclose any information received from the companies about the consumer;
	9.	develop records including the names and addresses of the companies transacted with as well as the information provided to such companies.
	10.	not have the right to provide the companies with negative information about the consumer that includes dispute or complaint without notifying the companies that such negative information is subject of a dispute or complaint; and
	11.	verify the consumer information and correct or delete any contained errors.