N.Y. General Business Law § 380-i: Requirements on users of consumer reports

§ 380-i. Requirements on users of consumer reports. (a) Whenever

credit or insurance for personal, family or household purposes is

denied, or whenever a residential rental or lease is denied, or the

charge for such credit or insurance, or rental or lease is increased,

either wholly or partly because of information contained in a consumer

report, the user of the report shall:

(1) advise the consumer against whom such adverse action has been

taken of such action,

(2) supply the name and address of the consumer reporting agency

making the report, and

(3) inform the consumer of his right to inspect and receive a copy of

such report by contacting the consumer reporting agency.

(b) In addition to the requirements of subdivision (a) of this

section, the user of any such report for purpose of evaluating an

application for credit shall furnish to the consumer the reasons for any

adverse action in relation to such application in conformance with the

requirements of the federal equal credit opportunity act (P.L. 93-435,

15 USC 1691 et seq) as that statute may from time to time be amended.

(c) Every user of a consumer report or an investigative consumer

report shall be prohibited from disseminating any such report to any

other person unless such other person has a legitimate business need for

the information in connection with a business transaction involving the

consumer.