Arizona Laws 44-1697. Fair credit reporting
Current as of: 2022 | Check for updates | Other versions
A. If a consumer makes a payment on a credit or loan account to the proper address to which the payment should be directed, a person shall calculate the number of days by which an account is delinquent by determining the number of days between the scheduled due date of the payment and the date the payment was received by that person.
Terms Used In Arizona Laws 44-1697
- Consumer: means an individual. See Arizona Laws 44-1691
- Person: means an individual, partnership, corporation, association, or any other entity of whatever kind or nature. See Arizona Laws 44-1691
B. If a person uses a reporting standard that requires a calculation of the number of days an account is delinquent, the person may report the delinquency based only on the number of days of the delinquency plus not more than four days.