Automated Consumer Dispute Verification definition

Automated Consumer Dispute Verification. , or “ACDV”, means an automated request to reinvestigate tradeline data on a Consumer’s credit report. An ACDV is designed to be used by Consumer Reporting Agencies if a Consumer disputes the completeness or accuracy of information reported on his/her credit report directly with the Consumer Reporting Agency, and the Data Furnisher that reported the information is registered to use the e-OSCAR System and has a reporting relationship with one or more Consumer Reporting Agencies. Images included with an ACDV shall be considered a part of such ACDV.
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Automated Consumer Dispute Verification. , or “ACDV”, means an automated request to reinvestigate tradeline data on a Consumer’s credit report. An ACDV is designed to be used by Consumer Reporting Agencies if a Consumer disputes the completeness or accuracy of information reported on his/her credit report directly with the Consumer Reporting Agency, and the Data Furnisher that reported the information is registered to use the e-OSCAR
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Examples of Automated Consumer Dispute Verification in a sentence

  • Inalmost all cases, that notice of dispute is the Automated Consumer Dispute Verification (ACDV) form that is the industry standard.The Panel's statement could be misinterpreted to establish a rule that a furnisher merely needs to consider and review the “four corners” of an ACDV in conducting an investigation of a dispute.

  • On May 12, 2007, TransUnion notified Federated of Ferrarelli’s dispute of the account via an electronic Automated Consumer Dispute Verification (“ACDV”).

  • Ex. 7.] Plaintiff complained that “[t]he company has the wrong person with the same first and last name.” [Id.] The Automated Consumer Dispute Verification form dated May 21, 2003, indicates that ChoiceDATA communicated plaintiff’s comments to HFC that the account was “NOT HIS/HERS.

  • Designed for the Data Furnisher that receives large volumes of Automated Consumer Dispute Verification (ACDV) Requests, the e-OSCAR Batch Interface is a product offering that provides the Data Furnisher with the secure receipt of ACDV Request batch files in XML format from e-OSCAR for use within the Data Furnisher’s internal application.

  • The liability issues in this case focus on these claims: whether (1) the derogatory information reported by Flagstar to the CRAs was accurate; (2) whether Flagstar’s Automated Consumer Dispute Verification (ACDV) investigations were reasonable; and (3) whether Flagstar provided incomplete and inaccurate responses back to the credit bureaus after Consumer 1 made the ACDV disputes.

  • Both Trans Union and CSC employ the Automated Consumer Dispute Verification (“ACDV”) process, which has been held to be an adequate method of reinvestigation.

  • In response to Mr. Schweitzer’s letter, Equifax asked Americredit to confirm the validity of the accounts through an Automated Consumer Dispute Verification (“ACDV”) form.

  • The credit report- ing industry has developed automated systems to facilitate the processing of such enormous amounts of data.The vast majority of all consumer disputes—well over 80%—are processed on Automated Consumer Dispute Verification forms through the industry’s elec- tronic dispute processing system known as e-OSCAR (Online Solution for Complete and Accurate Report- ing).

  • Ex. 14.] The Automated Consumer Dispute Verification form dated May 6, 2004, indicates that ChoiceDATA communicated plaintiff’s comments to HFC that the account was “NOT HIS/HERS.

Related to Automated Consumer Dispute Verification

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