PUBLIC LAW 104-208—SEPT. 30, 1996 110 STAT. 3009 -434 "(2) the purpose is certified in accordance with section 607 by a prospective user of the report through a general or specific certification.". (c) FTC GUIDELINES REGARDING PRESCREENING FOR INSURANCE IS use lesib TRANSACTIONS.—The Federal Trade Commission may issue such °ote. guidelines as it deems necessary with respect to the use of consumer reports in connection with insurance transactions that are not initiated by the consumer pursuant to section 604(c) of the Fair Credit Reporting Act, as added by subsection (a) of this section. SEC. 2405. CONSUMER CONSENT REQUIRED TO FURNISH CONSUMER REPORT CONTAINING MEDICAL INFORMATION. Section 604 of the Fair Credit Reporting Act (15 U.S.C. 1681b) is amended by adding at the end the following new subsection: "(g) FURNISHING REPORTS CONTAINING MEDICAL INFORMA- TION. —^A consumer reporting agency shall not furnish for employ- ment purposes, or in connection with a credit or insurance transaction or a direct marketing transaction, a consumer report that contains medical information about a consumer, unless the consumer consents to the furnishing of the report.". SEC. 2406. OBSOLETE INFORMATION AND INFORMATION CONTAINED IN CONSUMER REPORTS. (a) AMENDMENT TO LARGE-DOLLAR EXCEPTION.— Section 605 of the Fair Credit Reporting Act (15 U.S.C. 1681c) is amended— (1) by inserting "INFORMATION EXCLUDED FROM CONSUMER REPORTS. —" after "(a)"; (2) in subsection (b)— (A) in paragraph (1), by striking "$50,000" and inserting "$150,000"; (B) in paragraph (2), by striking "$50,000" and inserting "$150,000 "; and (C) in paragraph (3), by striking "$20,000" and inserting "$75,000 ". (b) CLARIFICATION OF REPORTING PERIOD.— Section 605 of the Fair Credit Reporting Act (15 U.S.C. 1681c) (as amended by subsection (a) of this section) is amended by adding at the end the following new subsection: " (c) RUNNING OF REPORTING PERIOD. — "(1) IN GENERAL. — The 7-year period referred to in paragraphs (4) and (6) of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action. "(2) EFFECTIVE DATE. — Paragraph (1) shall apply only to items of information added to the file of a consumer on or after the date that is 455 days after the date of enactment of the Consumer Credit Reporting Reform Act of 1996.". (c) ADDITIONAL INFORMATION ON BANKRUPTCY FILINGS REQUIRED. —Section 605 of the Fair Credit Reporting Act (15 U.S.C. 1681c) is amended by adding at the end the following new subsection: "(d) INFORMATION REQUIRED TO BE DISCLOSED.— Any consumer reporting agency that furnishes a consumer report that contains
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