Fair Credit Reporting Medical Information Regulations (Us Office of Thrift Supervision Regulation) (Ots) (2018 Edition)

Download or read book Fair Credit Reporting Medical Information Regulations (Us Office of Thrift Supervision Regulation) (Ots) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-14 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fair Credit Reporting Medical Information Regulations (US Office of Thrift Supervision Regulation) (OTS) (2018 Edition) The Law Library presents the complete text of the Fair Credit Reporting Medical Information Regulations (US Office of Thrift Supervision Regulation) (OTS) (2018 Edition). Updated as of May 29, 2018 The OCC, Board, FDIC, OTS, and NCUA (Agencies) are publishing final rules to implement section 411 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). The final rules create exceptions to the statute's general prohibition on creditors obtaining or using medical information pertaining to a consumer in connection with any determination of the consumer's eligibility, or continued eligibility, for credit for all creditors. The exceptions permit creditors to obtain or use medical information in connection with credit eligibility determinations where necessary and appropriate for legitimate purposes, consistent with the Congressional intent to restrict the use of medical information for inappropriate purposes. The final rules also create limited exceptions to permit affiliates to share medical information with each other without becoming consumer reporting agencies. The final rules are substantially similar to the rules adopted by the Agencies on an interim final basis in June 2005. This book contains: - The complete text of the Fair Credit Reporting Medical Information Regulations (US Office of Thrift Supervision Regulation) (OTS) (2018 Edition) - A table of contents with the page number of each section