44-1697. Fair credit reporting
A. If a consumer makes a payment on a credit or loan account to the proper address to which the payment should be directed, a person shall calculate the number of days by which an account is delinquent by determining the number of days between the scheduled due date of the payment and the date the payment was received by that person.
B. If a person uses a reporting standard that requires a calculation of the number of days an account is delinquent, the person may report the delinquency based only on the number of days of the delinquency plus not more than four days.
Section: Previous 44-1686 44-1691 44-1692 44-1693 44-1694 44-1695 44-1696 44-1697 44-1698 44-1698.01 44-1698.02 44-1701 44-1702 44-1703 44-1704 NextLast modified: October 13, 2016