Louisiana Disclosure That Investigative Consumer Report May Be Made

State:
Multi-State
Control #:
US-01413BG
Format:
Word; 
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Description

Under the Fair Credit Reporting Act, a person may not procure or cause to be prepared an investigative consumer report on any consumer unless: (1) it is clearly and accurately disclosed to the consumer that an investigative consumer report, including information as to character, general reputation, personal characteristics, and mode of living, whichever is or are applicable, may be made, and such disclosure: (a) is made in a writing mailed, or otherwise delivered, to the consumer not later than three days after the date on which the report was first requested; and (b) includes a statement informing the consumer of the right to request additional disclosures from the person requesting the report and the written summary of rights of the consumer prepared pursuant to ?§ 1681g(c) of the Act; and (2) the person certifies or has certified to the consumer reporting agency that the person has made the proper disclosures to the consumer as required under the Act.

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FAQ

Louisiana's consumer laws are intended to safeguard citizens in commercial transactions, and protect them from financial harm. These statutes can cover everything from elaborate pyramid schemes to simple telemarketing hassles. They may even allow you to keep your house if you need to file for bankruptcy.

No payment of a claim on a homeowner's insurance policy shall be considered a final settlement if the insurer fails to provide the insured with a statement that accurately reflects the amount paid under each category of coverage under the policy.

Other Examples of Unfair Claims Practice For instance, your commercial property policy states that Building Ordinance coverage is included, but your insurer insists the coverage is excluded. Making a significant alteration in an application without your consent and then settling a claim based on the alteration.

Specifically, the bill provides for consumer rights, including the right to be informed, access, data portability, rectification, erasure, and opt-out of processing for specific purposes. Further, the bill adds that parents or legal guardians may exercise such rights on the behalf of minors.

A fraudulent insurance act is one committed by a person who knowingly and with intent to defraud presents, causes to be presented, or prepares with knowledge or belief that it will be presented to or by an insurer, purported insurer, producer, or any agent thereof, any written statement as part of, or in support of, or ...

(14) Unfair claims settlement practices. (a) Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue. (b) Failing to acknowledge and act reasonably promptly upon communications with respect to claims arising under insurance policies.

A. (1) No insurer shall use the floodwater mark on a covered structure without considering other evidence, when determining whether a loss is covered or not covered under a homeowner's insurance policy.

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Louisiana Disclosure That Investigative Consumer Report May Be Made