Terms Used In CFR > Title 12 > Chapter XII > Subchapter D > Part 1263 > Subpart F - Other Membership Provisions

• Act: means the Fair Credit Reporting Act (15 U. See 16 CFR 680.3
• 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
• person: means any individual, partnership, corporation, trust, estate, cooperative, association, government or governmental subdivision or agency, or other entity. See 16 CFR 680.3
• Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
• solicitation: means the marketing of a product or service initiated by a person to a particular consumer that is—

  (i) Based on eligibility information communicated to that person by its affiliate as described in this part; and

  (ii) Intended to encourage the consumer to purchase or obtain such product or service. See 16 CFR 680.3