I looked up this reference that Enigma gave in another thread concerning the reporting of delinquent accounts by DF's:
Quote:
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See 623(5)(b). Especially 623(5)(b)(iii).
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Tell me if I understand this section correctly...
The DF must report the DOFD within 90 days after first furnishing information on an account to the Big 3. The DOFD shall be the same date as the previous account owner reported.
The exception of this paragraph is conditional upon if the previous creditor reported the DOFD and if the consumer does not dispute.
If neither of these conditions are met, then the DF should 'ensure the date reported as the date of delinquency precedes the date on which the account is placed for collection'.
One question...'placed for collection' by who?
Just curiousity. Who placed the account doesn't matter in my case since the previous DF listed the DOFD.