Consumer Credit Laws/Acts

Federal Laws and State Laws are in place to protect consumers from credit reporting errors. Basically they govern the actions of creditors and lenders. These laws were issued for the sake of the consumer. You already are aware that ICC incorporates the Fair Credit Reporting Act during our dispute process. But did you know there are MANY other Acts/Laws that exist to help you!

Your credit report affects everything! If you have experienced hardship due to inaccurate credit reporting and believe there is nothing you can do about it- you are wrong.

Look - the following laws have been established for you! These laws are supposed to prevent inaccurate credit reporting and provide a solution to consumers who discovered inaccuracies on their credit report.

Here are the Federal Laws you should be familiar with.

The Federal Consumer Credit Protection Act.

Truth in Lending Act

Fair Credit Reporting Act

Equal Credit Opportunity Act

Fair Credit Billing Act

Right to Financial Privacy Act

Consumer Leasing Act

Fair Debt Collection Practices Act

The Bankruptcy Reform Act

Here are State Laws that you should understand.

The Uniform Consumer Credit Code

Consumer Loan Acts

Mortgage Lending Acts

Mortgage Banker and Broker Acts

Secondary Mortgage Acts

Seller and Lender Credit Car Acts

Rental Purchase Agreement Acts

Check out our website icreditinc.com - our Knowledge Center will explain each law in full. Check in with us each day as we take one Act/Law at a time as we study and interpret the function of each!