Orange County NC Website
6.          ONLINE Use. <br />A. <br />B. <br />C. <br />D. <br />The ONLINE Rental Exchange acknowledges its qualification as a specialty consumer reporting agency <br />according to the Fair Credit Reporting Act: § 603 Definitions; rules of construction [15 U.S.C. § 1681a]: “(f) The <br />term “consumer reporting agency” means any person which, for monetary fees, dues, or on a <br />cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or <br />evaluating consumer credit information or other information on consumers for the purpose of <br />furnishing consumer reports to third parties, and which uses any means or facility of interstate <br />commerce for the purpose of preparing or furnishing consumer reports.” <br />As a consumer reporting agency, ONLINE may only use Subscriber ’s Records for purposes consistent with <br />applicable federal, state, and local laws, rules, and regulations’ in the identification of credit risk and/or to <br />recover unpaid accounts. <br />ONLINE shall not sell or furnish to any third party a list of consumers' names and addresses identified as a <br />customer/tenant list of Subscriber, nor will ONLINE extract directly from or otherwise identify on any third party's <br />list a list of Subscriber's customers/tenants identified as a customer list of Subscriber. In no event shall ONLINE <br />distribute a list of Subscriber's current or previous tenants outside of the uses defined in this Agreement. <br />ONLINE shall use commercially reasonable efforts to promptly and accurately process and incorporate into its <br />database any maintenance or consumer dispute verifications furnished to it by Subscriber, in accordance with <br />the requirements of the FCRA or other applicable state or federal law. In the event that ONLINE deems any <br />maintenance or verification response of Subscriber to be incomplete, internally inconsistent, or otherwise <br />inaccurate, ONLINE, in its sole discretion, may revise the item of information to conform with information <br />supplied by the consumer, reject the maintenance or verification response and delete the information from its <br />database, or make any other revisions that it deems necessary or appropriate. <br />7.FCRA Requirements <br />A. <br />B. <br />C. <br />Although the FCRA primarily regulates the operations of consumer reporting agencies, it also affects Subscriber <br />as a user of information.  ONLINE has included a copy of the FCRA with Subscriber’s membership kit and it is <br />posted at https://www.ftc.gov/system/files/documents/statutes/fair-credit-reporting-act/545a_fair-credit-reporting- <br />act-0918.pdf.  ONLINE suggests that Subscriber and Subscriber ’s employees become familiar with the following <br />sections in particular: <br />§  604.         Permissible Purposes of Reports <br />§  607.         Compliance Procedures <br />§  615.         Requirement on users of consumer reports <br />§  616.         Civil liability for willful noncompliance <br />§  617.         Civil liability for negligent noncompliance <br />§  619.         Obtaining information under false pretenses <br />§  621.         Administrative Enforcement <br />§  623.         Responsibilities of Furnishers of Information to Consumer  <br />  Reporting Agencies <br />§  628.         Disposal of Records <br />Each of these sections is of direct consequence to users who obtain reports on consumers. See Exhibit “B” for <br />“Notice to Users of Consumer Reports: Obligations of Users Under the FCRA”. <br />As directed by law, consumer reports may be issued only if they are to be used for extending credit, review or <br />collection of an account, employment purposes, underwriting insurance or in connection with some other <br />legitimate business transaction such as in investment, partnership, etc.  It is imperative that Subscriber identifies <br />each request for a report to be used for employment purposes when such report is ordered.  Additional state <br />laws may also impact Subscriber’s usage of reports for employment purposes. <br />DocuSign Envelope ID: ED55B3D5-BAD0-45B4-977B-F09C4091C16A