Washington FCRA / ID THEFT
Can you please elaborate a bit on your third point?
Will be very helpful.
If a consumer disputes with the credit reporting agency that an item in the file was a result of ID Theft, then the credit reporting agency will remove said item from the credit report for 30 days while they contact the reporting company to investigate matter.
If the reporting company knows for a fact that the account was not a result of ID Theft, they can verify with the credit reporting agency and said item would be reinserted on the credit report.
If reinserted on the credit report, the credit reporting agency is bound by the FCRA to notify the consumer within 5 business days of reinsertion. If they fail to notify the consumer, and the consumer later discovers said item back on the credit report, then it is the consumers right to disptue with the credit reporting agency that they had not received proper notification, and said item would then have to be removed from the credit report, regardless if the account was being reported correctly or not.
If people get aware of such minute things, there will be a very least chance of making mistakes and as a result we can dream of a debt free community very soon.