New consumer credit report rights take effect: key provisions of Ontario's 2018 access law now active

Plain-language summary · AI-assisted · not legal advice

Sections of Ontario's Access to Consumer Credit Reports and Elevator Availability Act that amend the Consumer Reporting Act are now coming into force. These provisions cover consumers' rights to access their credit reports and related obligations on consumer reporting agencies and lenders. Individuals who request their credit reports and businesses that use or provide consumer credit information will be directly affected. Affected parties should review how the amended Consumer Reporting Act changes their obligations or entitlements around credit report access and disclosure. Organizations that deal in consumer credit information should ensure their processes align with the newly active requirements.

Who this affects: consumers seeking credit reports · consumer reporting agencies · lenders and credit grantors · businesses that use consumer credit information