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15 U.S. Code § 1691c-1

Incentives for self-testing and self-correction

15 U.S. Code § 1691c-1. Incentives for self-testing and self-correction

(a) Privileged information
(1) Conditions for privilegeA report or result of a self-test (as that term is defined by regulations of the Bureau) shall be considered to be privileged under paragraph (2) if a creditor—
(A)
conducts, or authorizes an independent third party to conduct, a self-test of any aspect of a credit transaction by a creditor, in order to determine the level or effectiveness of compliance with this subchapter by the creditor; and
(B)
has identified any possible violation of this subchapter by the creditor and has taken, or is taking, appropriate corrective action to address any such possible violation.
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