A consumer reporting agency may furnish a consumer report under the following circumstances and no other:

1. (a) In response to the order of a court having jurisdiction to issue such an order;
2. (b) in accordance with the written instructions of the consumer to whom it relates; and

3. (c) to a person which it has reason to believe

   1. (1) intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of, the consumer; or
   2. (2) intends to use the information for employment purposes; or
   3. (3) intends to use the information in connection with the underwriting of insurance involving the consumer; or
   4. (4) intends to use the information in connection with a determination of the consumer's eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant's financial responsibility or status; or
   5. (5) otherwise has a legitimate business need for the information in connection with a business transaction involving the consumer.

L. 1973, ch. 85, § 138; January 1, 1974.