As used in this act [56-3-1 to 56-3-6 NMSA 1978]: A. “credit bureau” means any business engaged in furnishing credit information about consumers; and B. “consumer” means any natural person in the general consuming public who seeks or is seeking credit for personal, family or household purposes. History: 1953 Comp., § 50-18-1, enacted by Laws […]
A. Any credit bureau conducting business in the state shall provide trained personnel to interview and counsel with a consumer, during normal business hours, concerning any information about that consumer contained in the credit bureau’s files. B. A credit bureau, upon request, shall disclose the content of all information about that particular consumer which is […]
A. A credit bureau may supply identifying information such as names, addresses, former addresses, places of employment and former employment to non credit-granting governmental agencies. B. No other information may be supplied to such governmental agencies, other than as provided in Subsection A of this section, by a credit bureau except in response to legal […]
A. In dealing with businesses, professions and individuals, a credit bureau shall require service contracts to be executed in which the regular subscriber or the occasional user certifies that inquiries shall be made only for the purposes of the granting of credit or other bona fide business transaction, such as evaluation of present or prospective […]
A credit bureau which furnishes personnel-reporting service shall adopt rigid safeguards in order that the specialized information developed in the course of such investigations other than credit information shall be maintained separately, and shall not be incorporated in credit reports or made available to subsequent inquirers except in connection with a subsequent personnel investigation. History: […]
A. A credit bureau may report the following matters for no longer than the specified periods: (1) bankruptcies of all types for not longer than fourteen years from the date of adjudication of the most recent bankruptcy; (2) accounts placed for collection and accounts charged to profit and loss for not longer than seven years, […]
A. Any credit bureau or user of information that willfully fails to comply with any requirement of Sections 56-3-1 through 56-3-6 NMSA 1978 with respect to any consumer is liable to that consumer in an amount equal to: (1) any actual damages sustained by the consumer as a result of the failure; (2) punitive damages […]
It is a fourth-degree felony for: A. any person to knowingly and willfully obtain information on a consumer from a credit bureau under false pretenses; or B. any officer or employee of a credit bureau to knowingly and willfully provide information concerning a consumer from the credit bureau’s files to a person or firm not […]
