
                         PUBLIC LAW 91-508-OCT. 26, 1970

          TITLE VI - PROVISIONS RELATING TO CREDIT REPORTING AGENCIES

                    AMENDMENT OF CONSUMER CREDIT PROTECTION ACT

       SEC 601. The Consumer Credit Protection Act is amended by  adding
       at the end thereof the following new title:

                      "TITLE VI - CONSUMER CREDIT REPORTING


       "601. Short Title

           "This title may be cited as the Fair Credit Reporting Act.


       "602. Findings and purpose

            "(a) 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) It is  the  purpose  of  this  title  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  confidentiality,
       accuracy, relevancy, and proper utilization of  such  information
       in accordance with the requirements of this title.

       "603. Definitions and rules of construction

            "(a) Definitions and rules of construction set forth in this
       section are applicable for the purposes of this title.

            "(b) The term "person" means  any  individual,  partnership,
       corporation, trust, estate, cooperative, association,  government
       or government subdivision or agency, or other entity.

            "(c) The term "consumer" means an individual.

            "(d) The term "consumer report" means any written, oral,  or
       other communication of any information by  a  consumer  reporting
       agency  bearing  on  a  consumer's  credit   worthiness,   credit
       standing,  credit  capacity,   character,   general   reputation,
       personal characteristics, or mode of  living  which  is  used  or
       expected to be used or collected in whole  or  in  part  for  the
       purpose of serving as a factor  in  establishing  the  consumer's
       eligibility for (1) credit or insurance to be used primarily  for
       personal,  family,  or  household  purposes,  or  (2)  employment
       purposes, or (3) other purposes  authorized  under  section  604.

       The term does not include (A) any report  containing  information
       solely as to transactions or experiences between the consumer and
       the person making the report; (B) any authorization  or  approval
       of a specific extension of credit directly or indirectly  by  the
       issuer of a credit card or similar device; or (C) any  report  in
       which a person who has been requested by a third party to make  a
       specific extension of credit directly or indirectly to a consumer
       conveys his decision with respect to such request, if  the  third
       party advises the consumer of the name and address of the  person
       to  whom  the  request  was  made  and  such  person  makes   the
       disclosures to the consumer required under section 615.

            "(e)  The  term  "investigative  consumer  report"  means  a
       consumer report or portion thereof  in  which  information  on  a
       consumer's    character,     general     reputation,     personal
       characteristics, or mode of living is obtained  through  personal
       interviews with neighbors, friends, or associates of the consumer
       reported on or with others with whom he is acquainted or who  may
       have  knowledge  concerning  any  such  items   of   information.
       However, such information  shall  not  include  specific  factual
       information on a consumer's credit record obtained directly  from
       a creditor of the consumer or from a  consumer  reporting  agency
       when such information was obtained directly from  a  creditor  of
       the consumer or from the consumer.

            "(f) The term "consumer reporting agency" means  any  person
       which, for monetary fees, dues, or  on  a  cooperative  nonprofit
       basis, regularly engages in whole or in part in the  practice  of
       assembling or evaluating consumer  credit  information  or  other
       information on consumers for the purpose of  furnishing  consumer
       reports to third parties, and which uses any means or facility of
       interstate commerce for the purpose of  preparing  or  furnishing
       consumer reports.

            "(g)  The  term  "file",  when  used  in   connection   with
       information on any consumer, means all of the information on that
       consumer recorded and retained by  a  consumer  reporting  agency
       regardless of how the information is stored.

            "(h) The term "employment purposes" when used in  connection
       with a consumer report means a report used  for  the  purpose  of
       evaluating a consumer for employment, promotion, reassignment  or
       retention as an employee.

            "(i) The term "medical  information"  means  information  or
       records obtained, with the consent of the individual to  whom  it
       relates,  from  licensed  physicians  or  medical  practitioners,
       hospitals,  clinics,  or  other  medical  or  medically   related
       facilities.


       "604. Permissible purposes of reports

             "A consumer reporting agency may furnish a  consumer  report
       under the following circumstances and no other:

             "(1) In response to the order of a court having jurisdiction
       to issue such an order.

             "(2) In accordance with  the  written  instructions  of  the
       consumer to whom it relates.

             "(3) To a person which it has reason to believe -

            "(A) intends to use the information  in  connection  with  a
       credit transaction involving the consumer on whom the information
       is to be furnished and involving the extension of credit  to,  or
       review or collection of an account of, the consumer; or

            "(B) intends to use the information for employment purposes;
       or

            "(C) intends to use the information in connection  with  the
       underwriting of insurance involving the consumer; or

            "(D) intends to use the information  in  connection  with  a
       determination of the consumer's  eligibility  for  a  license  or
       other benefit granted by a governmental instrumentality  required
       by law to consider an  applicant's  financial  responsibility  or
       status; or

           "(E) otherwise  has  a  legitimate  business  need  for  the
       information in connection with a business  transaction  involving
       the consumer.


       "605. Obsolete information

            "(a) Except as authorized under subsection (b), no consumer
       reporting agency may make any consumer report containing  any  of
       the following items of information:

            "(1) Bankruptcies which, from date of  adjudication  of  the
       most recent bankruptcy, antedate the report by more than fourteen
       years.

            "(2) Suits and judgments which, from date of entry, antedate
       the report by more  than  seven  years  or  until  the  governing
       statute of limitations  has  expired,  whichever  is  the  longer
       period.

            "(3) Paid tax liens which, from date  of  payment,  antedate
       the report by more than seven years.

            "(4) Accounts placed for collection or charged to profit and
       loss which antedate the report by more than seven years.

            "(5) Records of arrest, indictment, or conviction  of  crime
       which, from date of disposition, release, or parole, antedate the
       report by more than seven years.

           "(6) Any other adverse item of information  which  antedates
       the report by more than seven years.

            "(b) The provisions of subsection (a) are not applicable  in
       the case of any consumer credit report to be used  in  connection
       with --

            "(1) a credit transaction involving, or which may reasonably
       be expected to involve, a principal amount of $$50,000 or more;

            "(2) the underwriting of life insurance involving, or  which
       may reasonably be expected to involve, a face amount  of  $50,000
       or more; or

            "(3) the employment of any individual at  an  annual  salary
       which equals, or  which  may  reasonably  be  expected  to  equal
       $20,000, or more.


       "606. Disclosure of investigative consumer reports

            "(a) A person may not procure or cause  to  be  prepared  an
       investigative consumer report on any consumer unless --

            "(1) it is clearly and accurately disclosed to the  consumer
       that an investigative consumer report including information as to
       his character, general reputation, personal characteristics,  and
       mode of living, whichever are applicable, may be made,  and  such
       disclosure  (A)  is  made  in  a  writing  mailed,  or  otherwise
       delivered, the consumer, not later than three days after the date
       on which the report was  first  requested,  and  (B)  includes  a
       statement informing the consumer of  his  right  to  request  the
       additional disclosures provided for under subsection (b) of  this
       section; or

            "(2) the report is to be used for  employment  purposes  for
       which the consumer has not specifically applied.

            "(b) Any person who procures or causes  to  be  prepared  an
       investigative consumer report on any consumer shall, upon written
       request made by the consumer within a reasonable period  of  time
       after the receipt by him of the disclosure required by subsection
       (a) (1), shall make a complete and  accurate  disclosure  of  the
       nature and scope of the investigation requested.  This disclosure
       shall be made in a writing mailed, or otherwise delivered, to the
       consumer not later than five days after the  date  on  which  the
       request for such disclosure was received  from  the  consumer  or
       such report was first requested, whichever is the later.

           "(c) No person may be  held  liable  for  any  violation  of
       subsection  (a)  or  (b)  of  this  section  if  he  shows  by  a
       preponderance of the evidence that at the time of  the  violation
       he maintained reasonable procedures  to  assure  compliance  with
       subsection (a) or (b).


       "607. Compliance procedures.

            "(a)  Every  consumer  reporting   agency   shall   maintain
       reasonable procedures designed to avoid violations of section 605
       and to limit the furnishing of consumer reports to  the  purposes
       listed under section 604.  These procedures  shall  require  that
       prospective users of the information identify themselves, certify
       the purposes for which the information  is  sought,  and  certify
       that the information will be used for no  other  purpose.   Every
       consumer reporting agency  shall  make  a  reasonable  effort  to
       verify the identity of  a  new  prospective  user  and  the  uses
       certified by such prospective user prior to furnishing such  user
       a consumer report.  No consumer reporting agency  may  furnish  a
       consumer report to any person if it has  reasonable  grounds  for
       believing that the consumer report will not be used for a purpose
       listed in section 604.

            "(b)  Whenever  a  consumer  reporting  agency  prepares   a
       consumer report it shall follow reasonable procedures  to  assure
       maximum possible  accuracy  of  the  information  concerning  the
       individual about whom the report relates.


       "608. Disclosures to governmental agencies

            "Notwithstanding the provisions of section 604,  a  consumer
       reporting agency may furnish identifying  information  respecting
       any consumer, limited to his  name,  address,  former  addresses,
       places of employment,  or  former  places  of  employment,  to  a
       governmental agency.


       "609. Disclosures to consumers

            "(a) Every consumer reporting agency shall, upon request and
       proper identification of any  consumer,  clearly  and  accurately
       disclose to the consumer:

            "(1) The nature and substance  of  all  information  (except
       medical information) in its files on the consumer at the time  of
       the request.

            "(2) The sources of the information; except that the sources
       of info rmation  acquired  solely  for  use   in   preparing   an
       investigative  consumer report and actually  used  for  no  other
       purpose need not be disclosed:  Provided, That in  the  event  an
       action is  brought  under  this  title,  such  sources  shall  be
       available to the plaintiff under appropriate discovery procedures
       in the court in which the action is brought.
 
              "(3) The recipients of any consumer report on  the  consumer
       which it has furnished --

            "(A) for employment  purposes  within  the  two-year  period
       preceding the request, and

            "(B) for any  other  purpose  within  the  six-month  period
       preceding the request.

             "(b) The  requirements  of  subsection  (a)  respecting  the
       disclosure  of  sources  of  information  and  the  recipients  of
       consumer  reports do not apply to information received or consumer
       reports furnished  prior to  the  effective  date  of  this  title
       except to the extent  that the matter involved is contained in the
       files of the consumer reporting agency on that date.


       "610. Conditions of disclosure to consumers

             "(a) A consumer reporting agency shall make the  disclosures
       required  under section 609 during normal business  hours  and  on
       reasonable notice.

             "(b) The disclosures required under  section  609  shall  be
       made to the consumer --

            "(1) in person if he appears in person and furnishes  proper
       identification; or

            "(2) by telephone if he has made  a  written  request,  with
       proper identification, for  telephone  disclosure  and  the  toll
       charge, if any, for the telephone call is prepaid by  or  charged
       directly to the consumer.

            "(c) Any consumer reporting  agency  shall  provide  trained
       personnel to explain to the consumer any information furnished to
       him pursuant to section 609.

            "(d) The consumer shall be permitted to  be  accompanied  by
       one other person of his choosing, who  shall  furnish  reasonable
       identification.  A consumer  reporting  agency  may  require  the
       consumer to furnish a written statement  granting  permission  to
       the consumer reporting agency to discuss the consumer's  file  in
       such person's presence.

           "(e) Except as provided in sections 616 and 617, no consumer
       may bring any action or proceeding in the nature  of  defamation,
       invasion of privacy, or negligence with respect to the  reporting
       of information against any consumer reporting agency, any user of
       information,  or  any  person  who  furnishes  information  to  a
       consumer  reporting  agency,  based  on   information   disclosed
       pursuant to  section  609,  610,  or  615,  except  as  to  false
       information furnished with malice or  willful  intent  to  injure
       such consumer.


            "611. Procedure in case of disputed accuracy

            "(a)  If  the  completeness  or  accuracy  of  any  item  of
       information contained in his file is disputed by a consumer,  and
       such dispute is  directly  conveyed  to  the  consumer  reporting
       agency by the  consumer,  the  consumer  reporting  agency  shall
       within a reasonable period of time reinvestigate and  record  the
       current status of  that  information  unless  it  has  reasonable
       grounds to believe that the dispute by the consumer is  frivolous
       or irrevelant.  If after such reinvestigation such information is
       found to be inaccurate or can no longer be verified, the consumer
       reporting agency shall promptly  delete  such  information.   The
       presence of contradictory information in the consumer's file does
       not in and of itself constitute reasonable grounds for  believing
       the dispute is frivolous or irrelevant.

            "(b) If the reinvestigation does not  resolve  the  dispute,
       the consumer may file a brief statement setting forth the  nature
       of the dispute.  The consumer reporting  agency  may  limit  such
       statements to not more than one hundred words if it provides  the
       consumer with assistance  in  writing  a  clear  summary  of  the
       dispute.

            "(c) Whenever a statement of  a  dispute  is  filed,  unless
       there is reasonable grounds to believe that it  is  frivolous  or
       irreverent,  the  consumer  reporting  agency   shall,   in   any
       subsequent  consumer  report  containing   the   information   in
       question, clearly note that it is disputed by  the  consumer  and
       provide either the consumer's statement or a clear  and  accurate
       codification or summary thereof.

            "(d) Following any deletion of information which is found to
       be inaccurate or whose accuracy can no longer be verified or  any
       notation as  to  disputed  information,  the  consumer  reporting
       agency  shall,  at  the  request   of   the   consumer,   furnish
       notification that the item has been  deleted  or  the  statement,
       codification or summary pursuant to subsection (b) or (c) to  any
       person specifically designated by the consumer who has within two
       years prior thereto received a  consumer  report  for  employment
       purposes, or within six months prior thereto received a  consumer
       report for any other purpose,  which  contained  the  deleted  or
       disputed  information.   The  consumer  reporting  agency   shall
       clearly and conspicuously disclose to the consumer his rights  to
       make such a request.  Such disclosure shall be made at  or  prior
       to  the  time  the  information  is  deleted  or  the  consumer's
       statement regarding the disputed information is received.


            "612. Charges for certain disclosures

            "A consumer reporting  agency  shall  make  all  disclosures
       pursuant to section 609 and furnish all consumer reports pursuant
       to section 611(d) without  charge  to  the  consumer  if,  within
       thirty days after receipt by  such  consumer  of  a  notification
       pursuant to section 615 or notification from  a  debt  collection
       agency affiliated with such  consumer  reporting  agency  stating
       that the consumer's credit rating may be or  has  been  adversely
       affected, the consumer makes  a  request  under  section  609  or
       611(d).  Otherwise, the consumer reporting agency  may  impose  a
       reasonable charge on the consumer for making disclosure  to  such
       consumer pursuant to section 609, the charge for which  shall  be
       indicated to the consumer prior to  making  disclosure;  and  for
       furnishing notifications, statements, summaries, or codifications
       to person designated by the consumer pursuant to section  611(d),
       the charge for which shall be indicated to the consumer prior  to
       furnishing such information and shall not exceed the charge  that
       the consumer reporting agency would  impose  on  each  designated
       recipient for a consumer report except that no charge may be made
       for notifying such persons of the deletion of  information  which
       is found to be inaccurate or which can no longer be verified.


       "613. Public record information for employment purposes

            "A consumer reporting  agency  which  furnishes  a  consumer
       report  for  employment  purposes  and  which  for  that  purpose
       compiles and reports items of information on consumers which  are
       matters of public record and are likely to have an adverse effect
       upon a consumer's ability to obtain employment shall --

            "(1) at the time such public record information is  reported
       to the user of such consumer report, notify the consumer  of  the
       fact that public record information  is  being  reported  by  the
       consumer reporting agency, together with the name and address  of
       person to whom such information is being reported; or

            "(2) maintain strict  procedures  designed  to  insure  that
       whenever public record information which is  likely  to  have  an
       adverse effect on a consumer's ability to  obtain  employment  is
       reported it is complete and up to date.   For  purposes  of  this
       paragraph,  items  of  public   record   relating   to   arrests,
       indictments,  convictions,  suits,  tax  liens,  and  outstanding
       judgments shall be considered up to date if  the  current  public
       record status of the item at the time of the report is reported.


       "614. Restrictions on investigative consumer reports

            "Whenever  a   consumer   reporting   agency   prepares   an
       investigative consumer report,  no  adverse  information  in  the
       consumer report (other than information  which  is  a  matter  of
       public record) may be included in a  subsequent  consumer  report
       unless such adverse information has been verified in the  process
       of  making  such  subsequent  consumer  report,  or  the  adverse
       information was received within the three-month period  preceding
       the date the subsequent report is furnished.


       "615. Requirements on users of consumer reports

            "(a) Whenever credit or insurance for personal,  family,  or
       household purposes, or employment involving a consumer is  denied
       or the charge for such credit or insurance  is  increased  either
       wholly or partly because of information contained in  a  consumer
       report from a consumer reporting agency, the user of the consumer
       report shall so advise the consumer  against  whom  such  adverse
       action has been taken and supply the  name  and  address  of  the
       consumer reporting agency making the report.

            "(b) Whenever credit  for  personal,  family,  or  household
       purposes involving a consumer is denied or the  charge  for  such
       credit  is  increased  either  wholly  or   partly   because   of
       information  obtained  from  a  person  other  than  a   consumer
       reporting agency bearing upon the consumer's  credit  worthiness,
       credit standing, credit capacity, character, general  reputation,
       personal characteristics, or mode of living,  the  user  of  such
       information shall, within a reasonable period of time,  upon  the
       consumer's written request  for  the  reasons  for  such  adverse
       action received within sixty days after learning of such  adverse
       action, disclose the nature of the information to  the  consumer.
       The  user  of  such  information  shall  clearly  and  accurately
       disclose to the consumer his right to make such  written  request
       at the time such adverse action is communicated to the consumer.

            "(c) No person shall be held liable  for  any  violation  of
       this section if he shows by a preponderance of the evidence  that
       at the time of the alleged  violation  he  maintained  reasonable
       procedures  to  assure  compliance   with   the   provisions   of
       subsections (a) and (b).


       "616. Civil liability for willful noncompliance

            "Any consumer reporting agency or user of information  which
       willfully fails to comply with any requirement imposed under this
       title with respect to any consumer is liable to that consumer  in
       an amount equal to the sum of --

            "(1) any actual damages  sustained  by  the  consumer  as  a
       result of the failure;

            "(2) such amount of punitive damages as the court may allow;
       and

            "(3) in the case of any successful  action  to  enforce  any
       liability under this section, the costs of  the  action  together
       with reasonable attorney's fees as determined by the court.


       "617. Civil liability for negligent noncompliance

            "Any consumer reporting agency or use of  information  which
       is negligent in failing to comply with  any  requirement  imposed
       under this title with respect to any consumer is liable  to  that
       consumer in an amount equal to the sum of --

            "(1) any actual damages  sustained  by  the  consumer  as  a
       result of the failure;

            "(2) in the case of any successful  action  to  enforce  any
       liability under this section, the costs of  the  action  together
       with reasonable attorney's fees as determined by the court.


       "618. Jurisdiction of courts; limitation of actions

            "An action to enforce any liability created under this title
       may be brought in any appropriate Untied  States  district  court
       without regard to the amount in  controversy,  or  in  any  other
       court of competent jurisdiction, within two years from  the  date
       on which the liability arises, except that where a defendant  has
       materially and willfully misrepresented any information  required
       under this title  to  be  disclosed  to  an  individual  and  the
       information so misrepresented is material to the establishment of
       the defendant's liability to that individual  under  this  title,
       the action may be brought at any  time  within  two  years  after
       discovery by the individual of the misrepresentation.


       "619.  Obtaining information under false presences

            "Any person who knowingly and willfully obtains  information
       on a consumer  from  a  consumer  reporting  agency  under  false
       presences shall be fined not more than $$5,000 or  imprisoned  not
       more than one year, or both.


       "620. Unauthorized disclosures by officers or employees

            "Any officer or employee of a consumer reporting agency  who
       knowingly  and  willfully  provides  information  concerning   an
       individual from the agency's files to a person not authorized  to
       receive that information shall be fined not more than  $$5,000  or
       imprisoned not more than one year, or both.


       "621. Administrative enforcement.

            "(a) Compliance with the  requirements  imposed  under  this
       title shall be enforced under the Federal Trade Commission Act by
       the Federal Trade Commission with respect to  consumer  reporting
       agencies and all other persons subject  thereto,  except  to  the
       extent that enforcement of the requirements  imposed  under  this
       title is specifically committed to some other  government  agency
       under subsection (b) hereof.  For the purpose of the exercise  by
       the Federal Trade Commission of its functions  and  powers  under
       the Federal Trade Commission Act, a violation of any  requirement
       or prohibition imposed  under  this  title  shall  constitute  an
       unfair or deceptive act or practice in commerce in  violation  of
       section 5(a) of the Federal Trade Commission  Act  and  shall  be
       subject to enforcement by  the  Federal  Trade  Commission  under
       section 5(b) thereof  with  respect  to  any  consumer  reporting
       agency or person subject to  enforcement  by  the  Federal  Trade
       Commission pursuant to this subsection, irrespective  of  whether
       that  person  is  engaged  in  commerce  or   meets   any   other
       jurisdictional tests in the Federal Trade  Commission  Act.   The
       Federal   Trade   Commission   shall   have   such    procedural,
       investigative, and enforcement powers,  including  the  power  to
       issue  procedural  rules  in  enforcing   compliance   with   the
       requirements imposed under this title and to require  the  filing
       of reports, the production of documents, and  the  appearance  of
       witnesses as though the applicable terms and  conditions  of  the
       Federal Trade Commission Act were part of this title.  Any person
       violating any of the provisions of this title shall be subject to
       the penalties and  entitled  to  the  privileges  and  immunities
       provided in the  Federal  Trade  Commission  Act  as  though  the
       applicable terms and provisions thereof were part of this title.

            "(b) Compliance with the  requirements  imposed  under  this
       title with respect to consumer reporting agencies and persons who
       use consumer reports from such agencies shall be  enforced  under
       --
            "(1) section 8 of the Federal Deposit Insurance Act, in  the
       case of:

                 "(A)  national  banks,  by  the  Comptroller   of   the
            Currency;

                  "(B) member banks of the Federal Reserve System  (other
            than national banks), by the Federal Reserve Board; and

                 "(C) banks insured  by  the  Federal  Deposit  Insurance
            Corporation  (other  than   members  of  the Federal  Reserve
            System), by the Board  of  Directors  of  the Federal Deposit
            Insurance Corporation.

           "(2) section 5(d) of  the  Home  Owners  Loan  Act  of  1993,
       section 407 of the National Housing Act, and sections 6(i) and 17
       of the Federal Home Loan Bank Act, by the Federal Home Loan  Bank
       Board (acting directly or through the Federal  Savings  and  Loan
       Insurance Corporation),  in the case of any  institution  subject
       to any of those provisions;

           "(3) The Federal  Credit Union Act, by the  Administrator  of
       the National Credit Union  Administration  with  respect  to  any
       Federal credit union;

           "(4) the  Acts  to  regulate   commerce,  by  the  Interstate
       Commerce Commission with respect to any common carrier subject to
       those Acts;

           "(5)  the  Federal  Aviation   Act  of  1958,  by  the  Civil
       Aeronautics Board with respect to any air carrier or foreign  air
       carrier subject to that Act; and

           "(6)  the  Packers  and   Stockyards  Act,  1921  (except  as
       provided in section  406  of  that  Act),  by  the  Secretary  of
       Agriculture with respect to any activities subject to that Act.

            "(c) For the purpose of the exercise by any agency  referred
       to in subsection (b) of its powers under any Act referred  to  in
       that subsection, a violation of  any  requirement  imposed  under
       this title shall be deemed to be a  violation  of  a  requirement
       imposed under that Act.  In addition  to  its  powers  under  and
       provision of law specifically referred to in subsection (b), each
       of the agencies referred to in that subsection may exercise,  for
       the purpose of enforcing compliance with any requirement  imposed
       under this title any other authority conferred on it by law.


       "622. Relation to State laws

           "This  title does not annul, alter,  affect,  or  exempt  any
       person subject to the provisions of  this  title  from  complying
       with the laws of  any  State  with  respect  to  the  collection,
       distribution, or use of any information on consumers,  except  to
       the extent that those laws are inconsistent with any provision of
       this title, and then only to the extent of the inconsistency."


                               EFFECTIVE DATE

       Sec 602. Section 504 of the Consumer  Credit  Protection  Act  is
       amended  by  adding  at  the  end  thereof  the   following   new
       subsection:

            "(d) Title VI  takes  effect  upon  the  expiration  of  one
       hundred and eighty days following the date of its enactment."

            Approved October 26, 1970.



