A BILL TO BE ENTITLED
AN ACT to require that debt collectors and collection agencies correct inaccurate information reported to credit agencies.
The General Assembly of North Carolina enacts:
SECTION 1.  Article 2 of Chapter 75 of the General Statutes is amended by adding a new section to read:
"§ 75‑57.  Duty to correct incorrect information reported to credit reporting agencies.
A debt collector shall have a duty to verify the accuracy of, and to correct any incorrect information in, any report made by the debt collector to a credit reporting agency upon notification by a consumer that the information is incorrect. Failure to comply with this section within 60 days of receipt of written notification from a consumer that the debt collector has included inaccurate information in a report to a credit reporting agency shall be an unfair and deceptive trade practice under G.S. 75‑1.1."
SECTION 2.  Article 70 of Chapter 58 of the General Statutes is amended by adding a new Part to read:
"Part 6. Miscellaneous Provisions.
"§ 58‑70‑170.  Duty to correct incorrect information reported to credit reporting agencies.
A collection agency shall have a duty to verify the accuracy of, and to correct any incorrect information in, any report made by the collection agency to a credit reporting agency upon notification by a debtor that the information is incorrect. Failure to comply with this section within 60 days of receipt of written notification from a debtor that the collection agency has included inaccurate information in a report to a credit reporting agency shall be an unfair and deceptive trade practice under G.S. 75‑1.1."
SECTION 3.  This act becomes effective October 1, 2015.