16 CFR 680.28 – Effective date, compliance date, and prospective application
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(a) Effective date. This part is effective January 1, 2008.
Terms Used In 16 CFR 680.28
- affiliate: means any company that is related by common ownership or common corporate control with another company. See 16 CFR 680.3
- consumer: means an individual. See 16 CFR 680.3
- eligibility information: means any information the communication of which would be a consumer report if the exclusions from the definition of "consumer report" in section 603(d)(2)(A) of the Act did not apply. See 16 CFR 680.3
(b) Mandatory compliance date. Compliance with this part is required not later than October 1, 2008.
(c) Prospective application. The provisions of this part shall not prohibit you from using eligibility information that you receive from an affiliate to make solicitations to a consumer if you receive such information prior to October 1, 2008. For purposes of this section, you are deemed to receive eligibility information when such information is placed into a common database and is accessible by you.