31-3-114. Compliance procedures. (1) Every consumer reporting agency shall maintain reasonable procedures designed to avoid violations of 31-3-112 and 31-3-113 and to limit the furnishing of consumer reports to the purposes listed under 31-3-111. These procedures must require that prospective users of the information identify themselves, certify the purposes for which the information is sought, and certify that the information will be used for no other purpose. Every consumer reporting agency shall make a reasonable effort to verify the identity of a new prospective user and the uses certified by the prospective user prior to furnishing the user a consumer report. A consumer reporting agency may not furnish a consumer report to any person if it has reasonable grounds for believing that the consumer report will not be used for a purpose listed in 31-3-111.
(2) Whenever a consumer reporting agency prepares a consumer report, it shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates, and it shall maintain a record of all persons using the information and the source of each piece of information.
(3) When gathering information, a consumer reporting agency shall notify any person who furnishes information that the person is liable to suit if the information is false or furnished with malice or willful intent to injure the consumer.
History: En. 18-507 by Sec. 7, Ch. 547, L. 1975; R.C.M. 1947, 18-507; amd. Sec. 1004, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 31. Credit Transactions and Relationships
Chapter 3. Related Credit Practices
Part 1. Consumer Reporting Agencies
31-3-102. Definitions and rules of construction
31-3-103. Credit rating -- property right
31-3-104. through 31-3-110 reserved
31-3-111. Permissible purposes of reports
31-3-112. Obsolete information
31-3-113. Disclosure of investigative consumer reports
31-3-114. Compliance procedures
31-3-116. through 31-3-120 reserved
31-3-121. Disclosures to governmental agencies
31-3-122. Disclosures to consumers
31-3-123. Conditions of disclosure to consumer
31-3-124. Procedure in case of disputed accuracy
31-3-125. Fees for disclosures to consumers
31-3-126. Public record information for employment purposes
31-3-128. through 31-3-130 reserved
31-3-131. Requirements on users of consumer reports
31-3-132. Block of information on credit report
31-3-133. through 31-3-140 reserved
31-3-141. Actions available to consumer
31-3-142. Civil liability for willful noncompliance
31-3-143. Civil liability for negligent noncompliance
31-3-144. through 31-3-150 reserved