RSA 359-B:5 · Obsolete Information

359-B:5 Obsolete Information. –

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I.

Except as authorized under paragraph II, no consumer reporting agency may make any consumer report containing any of the following items of information:

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(a)

Bankruptcies which, from date of adjudication of the most recent bankruptcy, antedate the report by more than 10 years.

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(b)

Suits and judgments which, from date of entry, antedate the report by more than 7 years or until the governing statute of limitations has expired, whichever is the longer period.

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(c)

Paid tax liens which, from date of payment, antedate the report by more than 7 years.

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(d)

Accounts placed for collection or charged to profit and loss which antedate the report by more than 7 years.

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(e)

Records of arrest, indictment, or conviction of crime which, from date of disposition, release, or parole, antedate the report by more than 7 years.

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(f)

Any other adverse item of information which antedates the report by more than 7 years.

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II.

The provisions of paragraph I are not applicable in the case of any consumer credit report to be used in connection with:

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(a)

A credit transaction involving, or which may reasonably be expected to involve, a principal amount of $50,000 or more;

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(b)

The underwriting of life insurance involving, or which may reasonably be expected to involve, a face amount of $50,000 or more; or

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(c)

The employment of any individual at an annual salary which equals, or which may reasonably be expected to equal, $20,000 or more. Source. 1971, 430:1. 2004, 85:1, eff. Jan. 1, 2005.

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