QUESTION on a COLLECTION not yet reported

[RobertEG]

There is no statutory or regulatory prohibition against a debt collector reporting the fact of their having had prior collection authority after their authority is terminated.

OCs only assign auhority to collect, and termination of that authority does not "recall the debt."  The debt collector does not own a debt assigned to them for collection.

"Recall" only terminates future collection, it does not negate the fact of having had prior authority, or the ability to report that fact to a CRA,  The only stipulation under the FCRA is that any such reporting must show a $0 balance now under their collection.

If they do report after the OC terminates their authority, there is no basis under the FCRA for disputing that reporting.

[guiness56]

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@RobertEG wrote:

There is no statutory or regulatory prohibition against a debt collector reporting the fact of their having had prior collection authority after their authority is terminated.

OCs only assign auhority to collect, and termination of that authority does not "recall the debt."  The debt collector does not own a debt assigned to them for collection.

"Recall" only terminates future collection, it does not negate the fact of having had prior authority, or the ability to report that fact to a CRA,  The only stipulation under the FCRA is that any such reporting must show a $0 balance now under their collection.

If they do report after the OC terminates their authority, there is no basis under the FCRA for disputing that reporting.

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Yes there is.  If they no longer have collection authority they cannot report.  If the account has been returned to the creditor they must delete.

The Credit Bureau Resource Guide says so.