1. A reporting agency may furnish a consumer report concerning a consumer for an extension of credit which he or she did not initiate only if:
(a) The contemplated transaction represents a firm offer of credit to those consumers who meet specific criteria determined by the person; or
(b) He or she has not requested that his or her name and address be excluded from any list to be provided for such a purpose.
2. This section does not prohibit a reporting agency from furnishing information to review an account or collect an account if there is an existing business relationship or the account has been assigned to a third party for collection.
3. As used in this section, “firm offer of credit” means an offer of credit based on a consumer report provided by the reporting agency, either directly to the creditor or through a third party, that cannot be rescinded or changed by the creditor unless the information provided by the reporting agency has materially changed as of the time the creditor received the accepted offer and the creditor is able to revoke the accepted offer or renew the offer on different terms.
(Added to NRS by 1993, 2461)
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