Check whether a creditor may pass an item to a consumer reporting agency
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- List the item the creditor proposes to furnish, the basis for believing it is accurate, and any dispute or identity-theft report already in the file. Stop the draft if the only support is an unresolved consumer allegation that the creditor has not tested.
- What the lawyer must review
- The federal gate on passing an item to a consumer reporting agency is the furnisher duty in 15 U.S.C. § 1681s-2, not a permission list. A person shall not furnish the information if the person knows or has reasonable cause to believe it is inaccurate. The statute defines that reasonable cause as specific knowledge, other than solely the consumer's allegations, that would cause a reasonable person to have substantial doubts. After a consumer disputes completeness or accuracy, the furnisher has the duties in that section, including the investigation duty the text imposes once notice arrives. 15 U.S.C. § 1681c is the second limit: even an accurate collection, charge-off, or other adverse item must drop off the report after the period that section states, except in the higher-value cases in subsection (b).
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review the original source set for relevant material absent from the output, including contrary evidence, qualifications and remaining gaps.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.