§ 14-1201. Definitions
West's Annotated Code of MarylandCommercial LawEffective: October 1, 2023
Effective: October 1, 2023
MD Code, Commercial Law, § 14-1201
§ 14-1201. Definitions
(e)(1) “Consumer report” means any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing the consumer's eligibility for:
(iii) Any report in which a person who has been requested by a third party to make a specific extension of credit directly or indirectly to a consumer conveys his decision with respect to the request, if the third party advises the consumer of the name and address of the person to whom the request was made and the person makes the disclosures to the consumer required under § 14-1212 of this subtitle.
(f)(1) “Consumer reporting agency” means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and which uses any means or facility of commerce for the purpose of preparing or furnishing consumer reports.
(i) A person licensed as a private detective agency or certified as a private detective under the Maryland Private Detectives Act;1 or
(ii) A person who assembles and exchanges consumer credit information with an affiliated person or a person who is owned or controlled by the same entity, provided that, in the event of an adverse credit decision against a consumer based on that information, the entity making the decision shall comply with the notice requirements of § 14-1212(b) of this subtitle.
(j) “Investigative consumer report” means a consumer report or portion of it in which information on a consumer's character, general reputation, personal characteristics, or mode of living is obtained through personal interviews with neighbors, friends, or associates of the consumer reported on or with others with whom he is acquainted or who may have knowledge concerning any items of information. However, the information does not include specific factual information on a consumer's credit record obtained directly from a creditor of the consumer or from a consumer reporting agency when the information was obtained directly from a creditor of the consumer or from the consumer.
Credits
Added by Acts 1976, c. 584, § 1, eff. July 1, 1976. Amended by Acts 1989, c. 236, § 2; Acts 1992, c. 441; Acts 1994, c. 637, § 1, eff. Oct. 1, 1994; Acts 1995, c. 120, § 19, eff. July 1, 1995; Acts 1996, c. 326, § 2, eff. July 1, 1996; Acts 2010, c. 611, § 2, eff. June 1, 2010; Acts 2011, c. 65, § 1, eff. April 12, 2011; Acts 2018, c. 480, § 2, eff. Oct. 1, 2018; Acts 2019, c. 8, § 5; Acts 2023, c. 721, § 3, eff. Oct. 1, 2023.
Footnotes
Business Occupations and Professions, § 13-101 et seq.
MD Code, Commercial Law, § 14-1201, MD COML § 14-1201
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.
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