Nevada § 598C.140 - Furnishing consumer report for determination of whether to extend credit

§ 598C.140. Furnishing consumer report for determination of whether to extend credit

1. A reporting agency may furnish a consumer report concerning a consumer for an extension

of credit which he or she did not initiate only if: (a) The contemplated transaction represents a firm offer of credit to those consumers

who meet specific criteria determined by the person; or (b) He or she has not requested that his or her name and address be excluded from

any list to be provided for such a purpose. 2. This section does not prohibit a reporting agency from furnishing information to

review an account or collect an account if there is an existing business relationship

or the account has been assigned to a third party for collection. 3. As used in this section, “firm offer of credit” means an offer of credit based

on a consumer report provided by the reporting agency, either directly to the creditor

or through a third party, that cannot be rescinded or changed by the creditor unless

the information provided by the reporting agency has materially changed as of the

time the creditor received the accepted offer and the creditor is able to revoke the

accepted offer or renew the offer on different terms.