15 U.S.C. § 1679b : US Code - Section 1679B: Prohibited practices

Search 15 U.S.C. § 1679b : US Code - Section 1679B: Prohibited practices

(a) In general
No person may -
(1) make any statement, or counsel or advise any consumer to
make any statement, which is untrue or misleading (or which, upon
the exercise of reasonable care, should be known by the credit
repair organization, officer, employee, agent, or other person to
be untrue or misleading) with respect to any consumer's credit
worthiness,(!1) credit standing, or credit capacity to -
(A) any consumer reporting agency (as defined in section
1681a(f) of this title); or
(B) any person -
(i) who has extended credit to the consumer; or
(ii) to whom the consumer has applied or is applying for an
extension of credit;
(2) make any statement, or counsel or advise any consumer to
make any statement, the intended effect of which is to alter the
consumer's identification to prevent the display of the
consumer's credit record, history, or rating for the purpose of
concealing adverse information that is accurate and not obsolete
to -
(A) any consumer reporting agency;
(B) any person -
(i) who has extended credit to the consumer; or
(ii) to whom the consumer has applied or is applying for an
extension of credit;
(3) make or use any untrue or misleading representation of the
services of the credit repair organization; or
(4) engage, directly or indirectly, in any act, practice, or
course of business that constitutes or results in the commission
of, or an attempt to commit, a fraud or deception on any person
in connection with the offer or sale of the services of the
credit repair organization.
(b) Payment in advance
No credit repair organization may charge or receive any money or
other valuable consideration for the performance of any service
which the credit repair organization has agreed to perform for any
consumer before such service is fully performed.