Washington--A federal appeals court has ruled that the FairCredit Reporting Act requires that customers be given notice whenan insurer charges them a higher rate based on their creditrecord.
. The requirement applies regardless of whether it is a firstrate or a renewal rate, according to the 9th U.S. Circuit Court ofAppeals, based in San Francisco.
Furthermore, the decision by a three-judge panel said that undercertain circumstances that failure to make such a disclosure is a"willful" violation of the law, in other words, allowing a consumerto sue for damages if the consumer can prove he was notinformed.
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