SB 145 – Prohibits use of posted inquiries in calculating credit risk scores

• Sponsor: Dougherty
• LR Number: 0330S.01I
• Committee: Small Business, Insurance & Industrial Relations
• Last Action: 1/13/2005 - Second Read and Referred S Small Business, Insurance & Industrial Relations Committee
• Journal Page: S86
• Effective Date: August 28, 2005

Current Bill Summary

SB 145 - This act prohibits a consumer reporting agency from determining the credit risk score of a resident of this state by the number of inquiries posted on a consumer's credit files. Any consumer who receives a credit risk score in violation of this act shall have the right to bring a civil action and seek injunctive relief. The Attorney General is also authorized to prosecute civil and criminal actions authorized by this section.

This act is identical to SB 991 (2004).

JIM ERTLE