CREDIT REPAIR LAWS IN TENNESSEE

TN ST T. 47, Ch. 18, Pt. 10

Part 10. Credit Services Businesses

� 47-18-1001. Short title

This part shall be known and may be cited as the “Tennessee Credit Services Businesses Act.”

� 47-18-1002. Definitions

As used in this part, unless the context otherwise requires:

(1) “Attorney general” means the office of the attorney general and reporter;

(2) “Consumer” means any individual who is solicited to purchase or who purchases the services of a credit services business;

(3)(A) “Consumer report” means any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer’s credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living, which is furnished or is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing the consumer’s eligibility for:

(i) Credit or insurance to be used primarily for personal, family, or household purposes;

(ii) Employment purposes; or

(iii) Other purposes which shall be limited to the following circumstances:

(a) In response to the order of a court having jurisdiction to issue the order;

(b) In accordance with the written instructions of the consumer to whom the report relates; or

(c) To a person which the agency has reason to believe:

(1) 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;

(2) Intends to use the information for employment purposes;

(3) Intends to use the information in connection with the underwriting of insurance involving the consumer;

(4) 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

(5) Otherwise has a legitimate business need for the information in connection with a business transaction involving the consumer.

(B) “Consumer report” does not include:

(i) Any report containing information solely as to transactions or experiences between the consumer and the person making the report;