1. The Laws of New York
  2. Consolidated Laws
  3. General Business
  4. Article 25: Fair Credit Reporting Act


Section 380-I Requirements on users of consumer reports

General Business (GBS)

(a) Whenever credit or insurance for personal, family or household purposes is denied, or whenever a residential rental or lease is denied, or the charge for such credit or insurance, or rental or lease is increased, either wholly or partly because of information contained in a consumer report, the user of the report shall:

  (1) advise the consumer against whom such adverse action has been taken of such action,

  (2) supply the name and address of the consumer reporting agency making the report, and

  (3) inform the consumer of his right to inspect and receive a copy of such report by contacting the consumer reporting agency.

  (b) In addition to the requirements of subdivision (a) of this section, the user of any such report for purpose of evaluating an application for credit shall furnish to the consumer the reasons for any adverse action in relation to such application in conformance with the requirements of the federal equal credit opportunity act (P.L. 93-435, 15 USC 1691 et seq) as that statute may from time to time be amended.

  (c) Every user of a consumer report or an investigative consumer report shall be prohibited from disseminating any such report to any other person unless such other person has a legitimate business need for the information in connection with a business transaction involving the consumer.