{"id":"SEC-13-017","kind":"order","level":"federal","jurisdiction":"United States","state":"","metro":"","industry":"13","agency":"","eco":"","issuer":"Congress (CARES Act sec. 4021, Pub. L. 116-136, 134 Stat. 281, 489), codified at 15 U.S.C. 1681s-2(a)(1)(F)","authority":"Fair Credit Reporting Act sec. 623(a)(1)(F)","instrument":"15 U.S.C. 1681s-2(a)(1)(F) (Reporting information during COVID-19 pandemic)","title":"Responsibilities of furnishers of information to consumer reporting agencies: reporting information during COVID-19 pandemic","dateIssued":"2020-03-27","effective":"applies to accommodations made during the covered period beginning Jan. 31, 2020","end":"120 days after the later of Mar. 27, 2020 or the termination of the national emergency (national emergency ended Apr. 10, 2023)","startDate":"2020-01-31","endDate":"2020-03-27","quarters":["2020Q2","2020Q3","2020Q4","2021Q1","2021Q2","2021Q3"],"types":["OTHER"],"addressees":["furnishers (every lender and servicer that reports to consumer reporting agencies)"],"clause":"The term \u0027accommodation\u0027 includes an agreement to defer 1 or more payments, make a partial payment, forbear any delinquent amounts, modify a loan or contract, or any other assistance or relief granted to a consumer who is affected by the coronavirus disease 2019 (COVID-19) pandemic during the covered period.... The term \u0027covered period\u0027 means the period beginning on January 31, 2020 and ending on the later of (aa) 120 days after March 27, 2020; or (bb) 120 days after the date on which the national emergency... terminates.... if a furnisher makes an accommodation with respect to 1 or more payments on a credit obligation or account of a consumer, and the consumer makes the payments or is not required to make 1 or more payments pursuant to the accommodation, the furnisher shall report the credit obligation or account as current","enforcement":"FCRA (15 U.S.C. 1681s; CFPB and FTC enforcement)","functions":["SV (credit reporting on every accommodated account)","CL","ML","BL"],"notes":"Force-of-law mandate on every furnisher throughout Q3 2021.","sourceUrl":"https://www.law.cornell.edu/uscode/text/15/1681s-2","snapshot":"","fileExists":true,"fileBytes":420353,"grade":"primary","character":"","description":"","collection":"SEC-13","url":"/library/SEC-13-017","exhibitUrl":"/exhibit/SEC-13-017","citation":"Congress (CARES Act sec. 4021, Pub. L. 116-136, 134 Stat. 281, 489), codified at 15 U.S.C. 1681s-2(a)(1)(F), 15 U.S.C. 1681s-2(a)(1)(F) (Reporting information during COVID-19 pandemic) (Mar. 27, 2020) (Ex. SEC-13-017)","stateName":"","related":["FED-340"]}