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Texas Business & Commerce Code - Section 20.03. Disclosures To Consumers

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 20.03. Disclosures To Consumers

§ 20.03. DISCLOSURES TO CONSUMERS.  (a) On request and 
proper identification provided by a consumer, a consumer reporting 
agency shall disclose to the consumer in writing all information 
pertaining to the consumer in the consumer reporting agency's files 
at the time of the request, including:
		(1)  the name of each person requesting credit 
information about the consumer during the preceding six months and 
the date of each request;
		(2)  a set of instructions describing how information 
is presented on the consumer reporting agency's written disclosure 
of the consumer file;  and
		(3)  if the consumer reporting agency compiles and 
maintains files on a nationwide basis, a toll-free number at which 
personnel are available to consumers during normal business hours 
for use in resolving a dispute if the consumer submits a written 
dispute to the consumer reporting agency.
	(b)  The information must be disclosed in a clear, accurate 
manner that is understandable to a consumer.
	(c)  A consumer reporting agency shall provide a copy of the 
consumer's file to the consumer on the request of the consumer and 
on evidence of proper identification, as directed by the Fair 
Credit Reporting Act (15 U.S.C. Section 1681 et seq.), as amended, 
and regulations adopted under that Act.
	(d)  Any written disclosure to a consumer by a consumer 
reporting agency under this chapter must include a written 
statement that explains in clear and simple language the consumer's 
rights under this chapter and includes:
		(1)  the process for receiving a consumer report or 
consumer file;          
		(2)  the process for requesting or removing a security 
alert or freeze;     
		(3)  the toll-free telephone number for requesting a 
security alert;        
		(4)  applicable fees;                                                         
		(5)  dispute procedures;                                                      
		(6)  the process for correcting a consumer file or 
report;  and             
		(7)  information on a consumer's right to bring an 
action in court or arbitrate a dispute.

Added by Acts 1997, 75th Leg., ch. 1396, § 33(a), eff. Oct. 1, 
1997.  Amended by Acts 2003, 78th Leg., ch. 1326, § 2, eff. Sept. 
1, 2003.

Last modified: August 10, 2007