Browse Arkansas Code titles and sections

23-67-406. Dispute resolution and error correction.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-67-406. Dispute resolution and error correction.

23-67-406. Dispute resolution and error correction. (a) If it is determined through the dispute resolution process set forth in section 1681i(a)(5) of the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., that the credit information of a current insured was incorrect or incomplete and if the insurer receives written notice of the determination from either the consumer reporting agency or from the insured, the insurer shall reunderwrite and rerate the consumer within thirty (30) calendar days of receiving the notice. (b) After reunderwriting or rerating the insured, the insurer shall make any necessary adjustments consistent with its underwriting and rating guidelines. (c) If an insurer determines that the insured has overpaid a premium, the insurer shall refund to the insured the amount of overpayment.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-67-406

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

Issuing source page ↗

Authority boundary: historical statutory source snapshot not current law.

Open the recorded source website ↗

Record provenance

Stable record: arkansas_code:legal_authorities:23-67-406
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fec71bb23aa2c8fe07448a8b1e1a1b7f15ebbf53218780b14a9c475af2e31868

Source location: content.xml paragraph 39305

Stored source content

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 1681 — Congressional findings and statement of purpose

**(a) Accuracy and fairness of credit reporting** The Congress makes the following findings: (1) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system. (2) An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers. (3) Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers. (4) There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumer’s right to privacy. **(b) Reasonable procedures** It is the purpose of this subchapter to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this subchapter.

Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 1681

Stored review status: release_metadata_unconfirmed. The source passage cites 15 U.S.C. § 1681. This identifies an authority to review, not proof of applicability.

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 1681 — Congressional findings and statement of

Page 1556 TITLE 15—COMMERCE AND TRADE § 1679i (iii) to file petitions for appeal. (3) Investigatory powers For purposes of bringing any action under this subsection, nothing in this subsection shall prevent the chief law enforcement offi- cer, or an official or agency designated by a State, from exercising the powers conferred on the chief law enforcement officer or such offi- cial by the laws of such State to conduct in- vestigations or to administer oaths or affirma- tions or to compel the attendance of witnesses or the production of documentary and other evidence. (4) Limitation Whenever the Federal Trade Commission has instituted a civil action for violation of this subchapter, no State may, during the pend- ency of such action, bring an action under this section against any defendant named in the complaint of the Commission for any violation of this subchapter that is alleged in that com- plaint. (Pub. L. 90–321, title IV, § 410, as added Pub. L. 104–208, div. A, title II, § 2451, Sept. 30, 1996, 110 Stat. 3009–460.) Editorial Notes REFERENCES IN TEXT The Federal Trade Commission Act, referred to in subsecs. (a) and (b), is act Sept. 26, 1914, ch. 311, 38 Stat. 717, which is classified generally to subchapter I (§ 41 et seq.) of chapter 2 of this title. For complete classifica- tion of this Act to the Code, see section 58 of this title and Tables. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section applicable after the end of the 6-month pe- riod beginning on Sept. 30, 1996, except with respect to contracts entered into by a credit repair organization before the end of such period, see section 413 of Pub. L. 90–321, as added by Pub. L. 104–208, set out as a note under section 1679 of this title. § 1679i. Statute of limita

Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 1681

Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 1681. This identifies an authority to review, not proof of applicability.