### Question
Can you define what pre-existing business relationship means?


### Answer
**Pre-existing business relationship** is defined as the following in *15 U.S.C. § 1681s*:

> a relationship between a person, or a person's licensed agent, and a consumer, based on—


(A) a financial contract between a person and a consumer which is in force

#### Citation:
  - *15 U.S.C. § 1681s*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER III-CREDIT REPORTING AGENCIES**

