Bill > S04106

This bill requires credit reporting agencies to furnish proof of identity theft to creditors upon a debtor's request, establishing a comprehensive process for victims of identity theft to challenge and document fraudulent debts. Specifically, the bill allows individuals who believe they are victims of identity theft to submit documentation, including a valid police report and a written statement, to credit reporting agencies. The written statement can be either a Federal Trade Commission ID theft victim's affidavit or a detailed certification that includes personal identification documents, specific facts about the alleged identity theft, explanations of why the debt was not incurred, and other supporting evidence. The bill mandates that credit reporting agencies keep this information on file for seven years and provides a standard certification form for victims to use. If a person knowingly makes false statements in this process, they could be guilty of a misdemeanor. The law is designed to provide a clear, structured method for individuals to dispute debts resulting from identity theft and protect themselves from fraudulent financial claims. The bill will take effect 90 days after becoming law.