84 STAT. ]
PUBLIC LAW 91-508-OCT. 26, 1970
items of information. However, such information shall not include specific factual information on a consumer's credit record obtained directly from a creditor of the consumer or from a consumer reporting agency when such information was obtained directly from a creditor of the consumer or from the consumer. "(f) The term 'consumer reporting agency' means any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and which uses any means or facility of interstate commerce for the purpose of preparing or furnishing consumer reports. " (g) The term 'file, when used in connection with information on any consumer, means all of the information on that consumer recorded and retained by a consumer reporting agency regardless of how the information is stored. " (h) The term 'employment purposes' when used in connection with a consumer report means a report used for the purpose of evaluating a consumer for employment, promotion, reassignment or retention as an employee. "(i) The term 'medical information' means information or records obtained, with the consent of the individual to whom it relates, from licensed physicians or medical practitioners, hospitals, clinics, or other medical or medically related facilities. "§ 604. Permissible purposes of reports "A consumer reporting agency may furnish a consumer report under the following circumstances and no other: " (1) I n response to the order of a court having jurisdiction to issue such an order. "(2) I n accordance with the written instructions of the consumer to whom it relates. "(3) To a person which it has reason to believe— " (A) intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of, the consumer; or " (B) intends to use the information for employment purposes; or " (C) intends to use the information in connection with the underwriting of insurance involving the consumer; or " (D) intends to use the information in connection with a determination of the consumer's eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant's financial responsibility or status; or " (E) otherwise has a legitimate business need for the information in connection with a business transaction involving the consumer. "§605. Obsolete information " (a) Except as authorized under subsection (b), no consumer reporting agency may make any consumer report containing any of the following items of information: "(1) Bankruptcies which, from date of adjudication of the most recent bankruptcy, antedate the report by more than fourteen years. "(2) Suits and judgments which, from date of entr^r, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period. "(3) Paid tax liens which, from date of payment, antedate the report by more than seven years.
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