Buyer Customer Service Agreement (Part 9) – Consumer Reports
We will review the “Consumer Reports” provision in the Customer Service agreement in detail. My comments will appear in “italics”. I will first set out the section in full as it appears in the document, then I will break it apart for detailed review.
“6. CONSUMER REPORTS: The Buyer is hereby notified that a Consumer Report containing credit and/or personal information may be referred to in connection with this Agreement and any subsequent transaction.”
6. CONSUMER REPORTS:
It is noteworthy that this entire section is in BOLD print.
The Buyer is hereby notified that a Consumer Report
Effectively, this is a notification or disclaimer.
containing credit and/or personal information
Any report would likely entail both items. The consumer report is a credit report, and that always contains personal information.
may be referred to in connection with this Agreement and any subsequent transaction.
It is important to be aware of the fact that this is NOT a specific authorization to obtain such a report. This clause is only a notification. It does not constitute permission to obtain such a report.
Brian Madigan LL.B., Broker