Credit reports; authorizes consumer to freeze access thereto. (HB35)
Introduced By
Del. Glenn Oder (R-Newport News) with support from 8 copatrons, whose average partisan position is:
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Security freezes on credit reports; penalty. Authorizes any consumer to freeze access to his credit report. If a consumer has placed a freeze on his credit report, a consumer reporting agency is prohibited from releasing the credit report or any information in it without the consumers express authorization. The measure provides a means by which a consumer may release his report, permanently, temporarily, or to a specific third party. Consumer reporting agencies may charge a consumer up to $5 for each freeze, removal of the freeze, or temporary lift of the freeze; however, no charge shall be assessed to victims of identity theft or to consumers age 65 or older. A violation is a prohibited practice under the Consumer Protection Act. Amends § 59.1-200 (“Prohibited practices.”), § 59.1-444 (“Damages.”), of the Code of Virginia. View Full Text »
Status
01/29/2008: Merged into HB1311
View Bill's History
Comments
rolled into Byron's Bill
Waldo:
I think we do need a law for this. Experian and Trans-Union have procedures in place to freeze their records (there's a $10 fee to place or lift a freeze), but Equifax wants $6.95 a month to place and maintain a freeze. For my family, that would mean paying Equifax $250 a year. How reasonable is that?