Bill

Bill > S1265


ID S1265

ID S1265
Amends existing law to prohibit the charging of a fee by a consumer credit reporting agency for a placement of a security freeze during a twelve-month period and for each temporary lift of a security freeze during a twelve-month period and to provide a fee for a second or subsequent placement or lift of a security freeze.


summary

Introduced
02/02/2018
In Committee
03/13/2018
Crossed Over
02/23/2018
Passed
Dead
Signed/Enacted/Adopted
03/20/2018

Introduced Session

2018 Regular Session

Bill Summary

FINANCIAL TRANSACTIONS -- Amends existing law to prohibit the charging of a fee by a consumer credit reporting agency for a placement of a security freeze during a twelve-month period and for each temporary lift of a security freeze during a twelve-month period and to provide a fee for a second or subsequent placement or lift of a security freeze.

AI Summary

This bill amends existing law to prohibit consumer credit reporting agencies from charging a fee for the first placement of a security freeze or the first temporary lift of a security freeze during a 12-month period. However, the agencies can charge a fee, not exceeding $6, for the second or subsequent placement or temporary lift of a security freeze during a 12-month period. The bill also clarifies that agencies cannot charge a fee to consumers who have been victims of identity theft and have submitted a valid police report or complaint.

Committee Categories

Business and Industry, Justice

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Commerce and Human Resources Committee (Senate)

Last Action

Session Law Chapter 163 Effective: 07/01/2018 (on 03/20/2018)

bill text


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