§ 623. Responsibilities of furnishers of information to consumer reporting agencies [15 U.S.C. § 1681s-2]
(2) Duty to correct and update information. A person who
(A) regularly and in the ordinary course of business furnishes information to
one or more consumer reporting agencies about the person's transactions
or experiences with any consumer; and
(B) has furnished to a consumer reporting agency information that the person
determines is not complete or accurate, shall promptly notify the consumer
reporting agency of that determination and provide to the agency any
corrections to that information, or any additional information, that is
necessary to make the information provided by the person to the agency
complete and accurate, and shall not thereafter furnish to the agency any
of the information that remains not complete or accurate.
(3) Duty to provide notice of dispute. If the completeness or accuracy of any information furnished by any person to any consumer reporting agency is disputed to such person by a consumer,
the person may not furnish the information to any consumer reporting agency without notice that such information is disputed by the consumer.