The Credit Repair Organizations Act [CROA] Law and Legal Definition
The Credit Repair Organizations Act is a federal law defines how credit repair organizations are allowed to operate. Violations of CROA are treated as a violation of the Federal Trade Commission Act.
The CROA aims to:
a. ensure that prospective buyers of the services of credit repair organizations are provided with the information necessary to make an informed decision regarding the purchase of such services; and
b. to protect the public from unfair or deceptive advertising and business practices by credit repair organizations. [15 USCS § 1679].
The CROA bars any person from making or counseling any consumer to make any untrue or misleading statement whose intended effect is to alter the consumer's identification to hide accurate credit information. [15 USCS § 1679b].
Legal Definition list
- The Comity Clause
- The Code Adam Act of 2003
- The Co-operative Marketing Associations Act
- The Child Protection and Obscenity Enforcement Act of 1988
- The Captive Wildlife Safety Act
- The Credit Repair Organizations Act [CROA]
- The Death on the High Seas Act
- The Defense Security Service[DSS]
- The Department of State Classification Guide
- The Department of the Army
- The Donation Land Claim Act of 1850