According to the Fair Credit Reporting Act ( http://www.ftc.gov/os/statutes/031224fcra.pdf ), Section 605 (a)(3) states that CRAs cannot report "...Paid tax liens which, from date of payment, antedate the report by more than seven years." There is an exception to the rule if the tax owed is more than $150,000.
So once the tax is paid in full, then it should be deleted 7 years from that point.
If it was paid off more than 7 years ago, and it is still on, there are ways to get it corrected and removed.
Edit to mention Timothy is a faster typer.
Message Edited by llecs on
04-17-2008 10:17 AM