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These definitions are drafted and readable, and stay out of search until an attorney has cleared each one.
ACDV
ACDV — An ACDV, or Automated Consumer Dispute Verification, is the electronic form a consumer reporting agency transmits to a furnisher to relay a consumer's dispute and collect the furnisher's investigation response.
Per the CFPB's December 2012 credit reporting white paper, when an NCRA cannot resolve a dispute internally it "will forward the dispute through e-OSCAR to the appropriate furnisher with dispute codes through an electronic form called automated consumer dispute verification (ACDV)," which can carry up to 255 characters of consumer-supplied free-form text. The furnisher may respond in one of four ways: verify the account as accurate, modify the trade line as indicated, delete the account, or delete the account due to fraud. The recurring supervisory criticism is that a code-and-text ACDV strips the consumer's supporting documentation, so a furnisher that reconciles only against its own screen has arguably not conducted the reasonable investigation FCRA § 1681s-2(b) requires.
Primary sources
See also
- e-OSCARe-OSCAR is the automated system the nationwide consumer reporting agencies use to route consumer disputes to furnishers and return furnisher responses.
- FurnisherA furnisher is an entity that provides information relating to consumers to one or more consumer reporting agencies for inclusion in a consumer report.
- Metro 2Metro 2 is the standardized electronic file format furnishers use to report consumer account data to the nationwide consumer reporting agencies, developed and maintained by the Consumer Data Industry Association.
Where this appears
- Compliance reference for collections law firms
- Metro 2 Furnishing Accuracy Under the FCRA and the e-OSCAR Dispute Cycle
This is an informational reference, not legal advice, and using it creates no attorney-client relationship. Limitations periods turn on facts this page cannot know — which state's law governs, the contract type, when the claim accrued, and whether anything tolled or revived it. Confirm against the primary source and your own counsel before acting.