Bill > H4241

This bill removes fees for security freezes and disclosures of consumer credit reports. Key provisions include: 1) Requiring credit reporting agencies to place a security freeze on a consumer's credit report within 3 business days of a written request, or 1 business day for electronic/phone requests, and remove the freeze within 3 business days of a written request or 15 minutes for electronic/phone requests. 2) Prohibiting credit reporting agencies from charging any fees for placing, lifting, or removing a security freeze. 3) Establishing a process for protected consumers (those under 16 or incapacitated) to have a security freeze placed on their credit report by a representative. 4) Requiring credit reporting agencies to provide consumers with clear notifications of their rights, including the ability to dispute inaccurate information and place security freezes. 5) Amending the data breach notification law to require additional information in breach notifications, such as offering credit monitoring services when a social security number is compromised.

Budget and Finance

https://malegislature.gov/Bills/190/H4241