SB 633 – Restricts consumer reporting agencies' determination of credit risk scores

• Sponsor: Dougherty
• LR Number: 3363S.01I
• Committee: Financial & Governmental Organizations and Elections
• Last Action: 1/9/2006 - Second Read and Referred S Financial & Governmental Organizations and Elections Committee
• Journal Page: S58
• Effective Date: August 28, 2006

Current Bill Summary

SB 633 - 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 act.

This act is identical to SB 991 (2004) and SB 145 (2005).

CHRIS HOGERTY