Report Title:

Consumer Credit Reporting

 

Description:

Amend Section 489P-3 so that it allows all consumers the ability to limit the release of their credit reports to legitimate requests.

 



THE SENATE

S.B. NO.

962

TWENTY-FOURTH LEGISLATURE, 2007

 

STATE OF HAWAII

 

 

 

 

 

A BILL FOR AN ACT

 

 

Relating to Consumer credit reporting.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

SECTION 1. Section 489P-3, Hawaii Revised Statutes, is amended to read as follows:

"[[]489P-3[]] Security freeze by consumer reporting agency. (a) A consumer [ who has been the victim of identity theft] may place a security freeze on the consumer's credit report by making a request in writing by certified mail to a consumer credit reporting agency, at an address designated by the agency to receive such requests, with a valid copy of a police report, investigative report, or complaint the consumer has filed with a law enforcement agency about unlawful use of the consumer's personal information by another person. A consumer credit reporting agency shall not charge a fee for placing or removing a security freeze on a credit report. A security freeze shall prohibit the consumer credit reporting agency from releasing the consumer's credit report or any information from it without the express authorization of the consumer. This subsection shall not prevent a consumer reporting agency from advising a third party that a security freeze is in effect with respect to the consumer's credit report."

SECTION 2. Statutory material to be repealed is bracketed and stricken.

SECTION 3. This Act shall take effect upon its approval.

 

 

INTRODUCED BY:

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