Title 15, Commerce and TradeRelease 119-102
§1681x Corporate and Technological Circumvention Prohibited
Title 15 › CHAPTER 41 — CONSUMER CREDIT PROTECTION › SUBCHAPTER III — CREDIT REPORTING AGENCIES › § 1681x
Summary
The Commission must create rules, effective no later than 90 days after December 4, 2003, to stop consumer reporting agencies from dodging their status under section 1681a(p). The rules must cover attempts to avoid the law by reorganizing (for example, mergers, sales, dissolutions) or by keeping or combining public record and credit account information in essentially the same way described in section 1681a(p).
Full Legal Text
Title 15, §1681x
Commerce and Trade, Source: USLM XML via OLRC
The Commission shall prescribe regulations, to become effective not later than 90 days after December 4, 2003, to prevent a consumer reporting agency from circumventing or evading treatment as a consumer reporting agency described in section 1681a(p) of this title for purposes of this subchapter, including—
(1)by means of a corporate reorganization or restructuring, including a merger, acquisition, dissolution, divestiture, or asset sale of a consumer reporting agency; or
(2)by maintaining or merging public record and credit account information in a manner that is substantially equivalent to that described in paragraphs (1) and (2) of section 1681a(p) of this title, in the manner described in section 1681a(p) of this title.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section subject to joint
Regulations
establishing
Effective Date
s as prescribed by Federal Reserve Board and Federal Trade Commission, except as otherwise provided, see section 3 of Pub. L. 108–159, set out as an
Effective Date
of 2003 Amendment note under section 1681 of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1681x
Title 15, Commerce and Trade
Last Updated
Aug 21, 2026
Release point: 119-102