Home Table of Contents

§ 14-1203. Information excluded

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 14. Miscellaneous Consumer Protection Provisions
Subtitle 12. Consumer Credit Reporting Agencies (Refs & Annos)
Part I. General Provisions (Refs & Annos)
MD Code, Commercial Law, § 14-1203
§ 14-1203. Information excluded
Currentness
(a) Except as authorized under subsection (b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:
(1) Bankruptcies which, from date of adjudication of the most recent bankruptcy, antedate the report by more than 10 years;
(2) Suits and judgments which, from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period;
(3) Paid tax liens which, from date of payment, antedate the report by more than seven years;
(4) Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years;
(5) Records of arrest, indictment, or conviction of crime which, from date of disposition, release, or parole, antedate the report by more than seven years; or
(6) Any other adverse item of information which antedates the report by more than seven years.
(b) The provisions of subsection (a) of this section are not applicable in the case of any consumer credit report to be used in connection with:
(1) A credit transaction involving, or which may reasonably be expected to involve, a principal amount of $50,000 or more;
(2) The underwriting of life insurance involving, or which may reasonably be expected to involve, a face amount of $50,000 or more; or
(3) The employment of any individual at an annual salary which equals, or which may reasonably be expected to equal, $20,000 or more.

Credits

Added by Acts 1976, c. 584, § 1, eff. July 1, 1976. Amended by Acts 1977, c. 534; Acts 1992, c. 441.
MD Code, Commercial Law, § 14-1203, MD COML § 14-1203
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document