§1033.201. Availability and prohibition against evasion.
12 C.F.R. § 1033.201
Obligation to make covered data available—
General. A data provider must make available to a consumer and an authorized third party, upon request, covered data in the data provider's control or possession concerning a covered consumer financial product or service that the consumer obtained from the data provider, in an electronic form usable by consumers and authorized third parties.
Prohibition against evasion. A data provider must not take any action:
With the intent of evading the requirements of subparts B and C of this part;
That the data provider knows or should know is likely to render unusable the covered data that the data provider makes available; or
That the data provider knows or should know is likely to prevent, interfere with, or materially discourage a consumer or authorized third party from accessing covered data consistent with this part.
Current data. In complying with paragraph (a) of this section, a data provider must make available the most recently updated covered data that it has in its control or possession at the time of a request. A data provider must make available information concerning authorized but not yet settled transactions.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 5512; 12 U.S.C. 5514; 12 U.S.C. 5533.
Source
Source: 89 FR 90989, Nov. 18, 2024, unless otherwise noted.