Bill > SB695

This bill requires consumer reporting agencies (also known as credit bureaus) to notify consumers via email when inaccurate information in their credit file has been corrected. Specifically, if a consumer provides an email address to the agency, the agency must send an email within 30 business days of correcting the inaccurate information. The email will include a secure link allowing the consumer to obtain a free, corrected copy of their credit report. The bill modifies the existing Texas Business & Commerce Code by changing the term "credit reporting agency" to "consumer reporting agency" and adding the new notification requirement. The changes will only apply to corrections submitted to consumer reporting agencies on or after the bill's effective date of September 1, 2025. This legislation aims to improve transparency and consumer access to accurate credit information by ensuring individuals are promptly informed about and can easily verify corrections to their credit reports.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB695