Introduced House Bill (H)

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DIGEST

Security freezes for consumer reports. Amends the statute governing security freezes for consumer reports as follows: (1) Requires each consumer reporting agency that compiles and maintains files on consumers on a nationwide basis to, not later than January 1, 2019, develop and maintain procedures to do the following: (A) Enable a consumer who makes a security freeze request (defined as a request to place, release, temporarily lift, or remove a security freeze) to elect, at the time the security freeze request is made, to have the consumer reporting agency refer the security freeze request to one or more of the Security freezes for consumer reports. Amends the statute governing security freezes for consumer reports as follows: (1) Requires each consumer reporting agency that compiles and maintains files on consumers on a nationwide basis to, not later than January 1, 2019, develop and maintain procedures to do the following: (A) Enable a consumer who makes a security freeze request (defined as a request to place, release, temporarily lift, or remove a security freeze) to elect, at the time the security freeze request is made, to have the consumer reporting agency refer the security freeze request to one or more of the other nationwide consumer reporting agencies for fulfillment of the request. (B) Refer a security freeze request to each consumer reporting agency that a consumer has selected to receive the consumer's security freeze request. (C) Fulfill a consumer's security freeze request that is referred to the consumer reporting agency by one of the other consumer reporting agencies in accordance with the consumer's selection. (2) Provides that in developing the required procedures, the credit reporting agencies may coordinate with one another to: (A) make uniform the information and documentation required by each credit reporting agency to fulfill a security freeze request; and (B) otherwise streamline the process involved for consumers in making a security freeze request. (3) Authorizes the attorney general to collaborate with or assist the credit reporting agencies in developing and implementing the required procedures, including the development of an online portal to enable a consumer who elects to submit a security freeze request to each consumer reporting agency to submit a single request for simultaneous transmission to each consumer reporting agency. (4) Provides that after December 31, 2018, upon receiving a security freeze request, a consumer reporting agency shall do the following: (A) If the consumer reporting agency receives the security freeze request directly from the consumer: (i) fulfill the security freeze request if the consumer reporting agency maintains a file on the consumer and has received appropriate proof of the requester's identity; and (ii) refer the security freeze request to any of the other consumer reporting agencies that the consumer has selected to receive the security freeze request. (B) If the consumer reporting agency receives the security freeze request upon referral from another consumer reporting agency, fulfill the security freeze request if the consumer reporting agency maintains a file on the consumer and has received appropriate proof of the requester's identity. (C) If the consumer reporting agency receives the security freeze request through an online portal that enables a single security freeze request to be simultaneously transmitted to each consumer reporting agency, fulfill the security freeze request if the consumer reporting agency: (i) maintains a file on the consumer; and (ii) has received appropriate proof of the requester's identity. Makes conforming amendments to the statute governing security freezes for protected consumers. ... View more