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Hold long can violations be reportable until

User PeerBr
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Final answer:

The reporting period for violations varies by the type of violation and the jurisdiction. For credit reporting, the FCRA allows most derogatory information to be reported for seven years, while bankruptcies can be reported for up to ten years. Employment-related violations also have specific timeframes for reportability depending on employer size and violation type.

Step-by-step explanation:

The time period during which violations can be reported is known as the reporting period. This period may vary depending on the jurisdiction and the nature of the violation. For example, in the context of criminal offenses, each state has a statute of limitations that defines how long after an event legal proceedings based on that event can be initiated. In civil law, limitations periods for filing lawsuits can also vary depending on the type of claim. For certain types of violations, such as incidents related to credit reporting or employment records, there are specific federal and state laws that govern the reportability duration.

In the context of credit reporting, the Fair Credit Reporting Act (FCRA) states that most derogatory information can only be reported for seven years. However, some types of violations, such as bankruptcies, can be reported for up to 10 years. In the case of employment records, the Equal Employment Opportunity Commission (EEOC) enforces laws that may limit the reportability of violations to certain time frames depending on the size of the employer and the type of violation.

It is important for individuals and entities to be aware of relevant laws and regulations to ensure compliance with reporting periods. Consulting with a lawyer or legal expert might be necessary to determine the specific time limitations applicable to any particular situation or violation.

User Petros
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