§1330. Solicitation using prescreened trigger lead information from consumer report
1. Use of prescreened trigger lead information. When using prescreened trigger lead information derived from a consumer report to solicit a consumer who has applied for a loan with another lender or loan broker, a lender or loan broker may not use unfair or deceptive practices described in subsection 2.
[ 2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF) .]
2. Unfair or deceptive practices. Without limitation, it is an unfair or deceptive practice to:
A. Fail to state in the initial phase of the solicitation from a lender or loan broker that the solicitor is not affiliated with the lender or loan broker with which the consumer initially applied; [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
B. Fail in the initial solicitation to conform to state and federal law relating to prescreened solicitations using consumer reports, including the requirement to make a firm offer of credit to the consumer; [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
C. Knowingly or negligently use information regarding consumers who have opted out of prescreened offers of credit or who have placed their contact information on the federal do-not-call registry; or [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
D. Solicit a consumer with offers of certain rates, terms and costs with intent to subsequently raise the rates or change the terms to the consumer's detriment. [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
[ 2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF) .]
SECTION HISTORY
2007, c. 273, Pt. A, §34 (NEW). 2007, c. 273, Pt. A, §41 (AFF).
§1330. Solicitation using prescreened trigger lead information from consumer report
1. Use of prescreened trigger lead information. When using prescreened trigger lead information derived from a consumer report to solicit a consumer who has applied for a loan with another lender or loan broker, a lender or loan broker may not use unfair or deceptive practices described in subsection 2.
[ 2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF) .]
2. Unfair or deceptive practices. Without limitation, it is an unfair or deceptive practice to:
A. Fail to state in the initial phase of the solicitation from a lender or loan broker that the solicitor is not affiliated with the lender or loan broker with which the consumer initially applied; [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
B. Fail in the initial solicitation to conform to state and federal law relating to prescreened solicitations using consumer reports, including the requirement to make a firm offer of credit to the consumer; [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
C. Knowingly or negligently use information regarding consumers who have opted out of prescreened offers of credit or who have placed their contact information on the federal do-not-call registry; or [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
D. Solicit a consumer with offers of certain rates, terms and costs with intent to subsequently raise the rates or change the terms to the consumer's detriment. [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
[ 2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF) .]
SECTION HISTORY
2007, c. 273, Pt. A, §34 (NEW). 2007, c. 273, Pt. A, §41 (AFF).
§1330. Solicitation using prescreened trigger lead information from consumer report
1. Use of prescreened trigger lead information. When using prescreened trigger lead information derived from a consumer report to solicit a consumer who has applied for a loan with another lender or loan broker, a lender or loan broker may not use unfair or deceptive practices described in subsection 2.
[ 2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF) .]
2. Unfair or deceptive practices. Without limitation, it is an unfair or deceptive practice to:
A. Fail to state in the initial phase of the solicitation from a lender or loan broker that the solicitor is not affiliated with the lender or loan broker with which the consumer initially applied; [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
B. Fail in the initial solicitation to conform to state and federal law relating to prescreened solicitations using consumer reports, including the requirement to make a firm offer of credit to the consumer; [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
C. Knowingly or negligently use information regarding consumers who have opted out of prescreened offers of credit or who have placed their contact information on the federal do-not-call registry; or [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
D. Solicit a consumer with offers of certain rates, terms and costs with intent to subsequently raise the rates or change the terms to the consumer's detriment. [2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF).]
[ 2007, c. 273, Pt. A, §34 (NEW); 2007, c. 273, Pt. A, §41 (AFF) .]
SECTION HISTORY
2007, c. 273, Pt. A, §34 (NEW). 2007, c. 273, Pt. A, §41 (AFF).
