Common use of Credit Monitoring and Notification Clause in Contracts

Credit Monitoring and Notification. The Contractor shall include credit monitoring services at its own cost for those Participants affected or potentially affected by an alleged Breach for no less than a one (1) year period of time following the Breach. The Contractor shall provide the Department of Legal Affairs written notice of a Breach that affects 500 or more Participants as soon as practicable, or within thirty (30) Calendar Days of the Breach. The Contractor shall provide the Department a copy of the written notice to the Department of Legal Affairs. If a Breach impacts more than 1,000 Participants at a single time, the Contractor shall notify, without unreasonable delay, all consumer reporting agencies that compile and maintain files on consumers on a nationwide basis, as defined in the Fair Credit Reporting Act, 15 U.S. Code section 1681a (p), of the timing, distribution, and content of the notices in subsection 3.2.6.2 (Contractor’s Responsibility to Notify Participants) of this Contract.