Bill > H4229

This bill removes fees for security freezes and disclosures of consumer credit reports. Key provisions include: - Prohibiting consumer reporting agencies from charging fees to consumers who elect to freeze, lift, or remove a security freeze on their credit reports. - Requiring consumer reporting agencies to place a security freeze on a consumer's credit report within 3 business days of receiving a written request, or within 1 business day for electronic/phone requests. - Requiring consumer reporting agencies to remove a security freeze within 3 business days of receiving a written request, or within 15 minutes for electronic/phone requests. - Expanding protections for "protected consumers" (minors and incapacitated/protected individuals) by allowing their representatives to place and remove security freezes on their credit reports. - Requiring greater transparency and notification from companies that experience a data breach, including providing credit monitoring services and information on how to place a credit freeze.

Budget and Finance

https://malegislature.gov/Bills/190/H4229