Fair Credit Reporting Reseller Accuracy Act

This bill requires credit reporting resellers to use reasonable procedures to ensure the accuracy of consumer information they transmit to other agencies or end users. It limits reseller liability when they accurately pass on data obtained from another consumer reporting agency without making changes. The law defines resellers according to existing Fair Credit Reporting Act definitions and focuses on maintaining data integrity during the transfer process. These changes directly affect companies that sell consumer credit reports to other businesses or individuals.