1562

LAWS OF MARYLAND

Ch. 584

(IV)   INTENDS TO USE THE INFORMATION IN
CONNECTION WITH A DETERMINATION OF THE CONSUMER'S
ELIGIBILITY FOR A LICENSE OR OTHER BENEFIT GRANTED BY A
GOVERNMENTAL INSTRUMENTALITY REQUIRED BY LAW TO CONSIDER
AN APPLICANT'S FINANCIAL RESPONSIBILITY OR STATUS; OR

(V)    OTHERWISE HAS A LEGITIMATE
BUSINESS NEED FOR THE INFORMATION IN CONNECTION WITH A
BUSINESS TRANSACTION INVOLVING THE CONSUMER.

14-1203. REPORTING OF OBSOLETE INFORMATION PROHIBITED.

(A)    EXCEPT AS AUTHORIZED UNDER SUBSECTION (B) OF
THIS SECTION, NO CONSUMER REPORTING AGENCY MAY MAKE ANY
CONSUMER REPORT CONTAINING ANY OF THE FOLLOWING ITEMS OF
INFORMATION:

(1)    BANKRUPTCIES WHICH, FROM DATE OF
ADJUDICATION OF THE MOST RECENT BANKRUPTCY, ANTEDATE THE
REPORT BY MORE THAN 14 YEARS.

(2)    SUITS AND JUDGMENTS WHICH, FROM DATE OF
ENTRY, ANTEDATE THE REPORT BY MORE THAN SEVEN YEARS OR
UNTIL THE GOVERNING STATUTE OF LIMITATIONS HAS EXPIRED,
WHICHEVER IS THE LONGER PERIOD.

(3)    PAID TAX LIENS WHICH, FROM DATE OF
PAYMENT, ANTEDATE THE REPORT BY MORE THAN SEVEN YEARS.

(4) ACCOUNTS PLACED FOR COLLECTION OR
CHARGED TO PROFIT AND LOSS WHICH ANTEDATE THE REPORT BY

MORE THAN SEVEN YEARS.

(5)    RECORDS OF ARREST, INDICTMENT, OR
CONVICTION OF CRIME WHICH, FROM DATE OF DISPOSITION,
RELEASE, OR PAROLE, ANTEDATE THE REPORT BY MORE THAN
SEVEN YEARS.

(6)    ANY OTHER ADVERSE ITEM OF INFORMATION
WHICH ANTEDATES THE REPORT BY MORE THAN SEVEN YEARS.

(B)    THE PROVISIONS OF SUBSECTION (A) OF THIS
SECTION, ARE NOT APPLICABLE IN THE CASE OF ANY CONSUMER
CREDIT REPORT TO BE USED IN CONNECTION WITH

(1)    A CREDIT TRANSACTION INVOLVING, OR WHICH
MAY REASONABLY BE EXPECTED TO INVOLVE, A PRINCIPAL AMOUNT
OF $50,000 OR MORE;

(2)    THE UNDERWRITING OF LIFE INSURANCE
INVOLVING, OR WHICH MAY REASONABLY BE EXPECTED TO
INVOLVE, A FACE AMOUNT OF $50,000 OR MORE; OR

(3)    THE EMPLOYMENT OF ANY INDIVIDUAL AT AN
ANNUAL SALARY WHICH EQUALS, OR WHICH MAY REASONABLY BE
EXPECTED TO EQUAL $20,000, OR MORE.

14-1204. DISCLOSURE OF INVESTIGATIVE CONSUMER REPORTS.