50-701. Findings and purpose. (a) The legislature of the state of Kansas hereby finds and determines that:
(1) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system.
(2) An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers.
(3) Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers.
(4) There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer's right to privacy.
(b) It is the purpose of K.S.A. 50-701 to 50-722, inclusive, and amendments thereto, to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of such sections of this act.
History: L. 1973, ch. 85, ยง 136; Jan. 1, 1974.
Structure Kansas Statutes
Chapter 50 - Unfair Trade And Consumer Protection
Article 7 - Fair Credit Reporting
50-702 Definitions and rules of construction.
50-703 Permissible purposes of reports.
50-705 Disclosure of investigative consumer reports.
50-707 Disclosures to governmental agencies.
50-708 Disclosures to consumers.
50-709 Conditions of disclosure to consumers.
50-710 Procedure in case of disputed accuracy.
50-711 Charges for certain disclosures.
50-712 Public record information for employment purposes.
50-713 Restrictions on investigative consumer reports.
50-714 Requirements on users of consumer reports.
50-715 Civil liability for willful noncompliance.
50-716 Civil liability for negligent noncompliance.
50-717 Jurisdiction of courts; limitation of actions.
50-718 Obtaining information under false pretenses.
50-719 Unauthorized disclosures by officers or employees.
50-721 Enforcement by consumer credit commissioner.
50-723 Security freeze on consumer report; requirements; procedure; damages.
50-724 Security freeze; exceptions.
50-725 Security freeze for protected consumers; requirements; procedure.