Effective January 1, 2011 section 311 of the FACT Act requires a risk-based pricing notice. The notice is required when a person both: (1) Uses a consumer report in connection with an application for, or a grant, extension, or other provision of, credit to that consumer that is primarily for personal, family, or household purposes; and (2) Based in whole or in part on the consumer report, grants, extends, or otherwise provides credit to that […]
