---
kind: "section"
citation: "17 C.F.R. § 248.101"
title: "17"
number: "248.101"
heading: "Purpose and scope."
url: "https://uscodex.org/cfr/17/248.101"
---

# §248.101. Purpose and scope.

- (a) **Purpose.** The purpose of this subpart is to implement section 624 of the Fair Credit Reporting Act, [15 U.S.C. 1681](/usc/15/1681.md), et seq. (“FCRA”). [Section 624](/cfr/17/624.md), which was added to the FCRA by [section 214](/cfr/17/214.md) of the Fair and Accurate Credit Transactions Act of 2003, Public Law 108-159, 117 Stat. 1952 (2003) (“FACT Act” or “Act”), regulates the use of consumer information received from an affiliate to make marketing solicitations.
- (b) **Scope.** This subpart applies to any broker or dealer other than a notice-registered broker or dealer, to any investment company, and to any investment adviser or transfer agent registered with the Commission. These entities are referred to in this subpart as “you.”

## Notes

### Source

Source: 74 FR 40431, Aug. 11, 2009, unless otherwise noted.

### Authority

Authority: 15 U.S.C. 78q, 78q-1, 78 o- 4, 78 o- 5, 78w, 78mm, 80a-30, 80a-37, 80b-4, 80b-11, 1681m(e), 1681s(b), 1681s-3 and note, 1681w(a)(1), 6801-6809, and 6825; Pub. L. 111-203, secs. 1088(a)(8), (a)(10), and sec. 1088(b), 124 Stat. 1376 (2010).

### Source

Source: 65 FR 40362, June 29, 2000, unless otherwise noted.