NC S357

Requires debt collectors to verify accuracy of and correct any inaccurate information they report to credit reporting agencies upon written notification from a consumer.

Imposes a 60-day deadline for debt collectors to correct inaccurate information after receiving written notice from a consumer.

Requires collection agencies to verify accuracy of and correct any inaccurate information they report to credit reporting agencies upon written notification from a debtor.

Imposes a 60-day deadline for collection agencies to correct inaccurate information after receiving written notice from a debtor.

Violations of these requirements constitute unfair and deceptive trade practices under North Carolina law, with the bill becoming effective October 1, 2015.