SB 737
Creates a system to freeze consumer credit reports
LR Number:
Last Action:
1/10/2006 - Second Read and Referred S Commerce, Energy and the Environment Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2006

Current Bill Summary

SB 737 - This act creates a system by which a consumer may request a consumer credit reporting agency to place a freeze on the consumer's credit report. Upon such a request, the consumer credit reporting agency shall not furnish the report to anyone without the consumer's authorization. The report will be furnished, however, if it is subject to a court order, requested by an individual that the consumer has specified as eligible for receipt, or requested by a creditor of the consumer. The consumer credit reporting agency must honor the request, free of charge, within five days of receipt of the request and supply the consumer with written confirmation and information outlining the procedure to lift or suspend the freeze. Furthermore, the act provides a procedure by which a consumer may designate a particular requestor for receipt of the report despite the freeze.

If the consumer credit reporting agency fails to comply, it will be liable to the consumer for actual damages, court costs, and reasonable attorney's fees. The court will also award the consumer equitable relief to the extent necessary to restore the consumer's credit rating and discourage future violations.