HB35: Credit reports; authorizes consumer to freeze access thereto.

Chief Patron

Glenn Oder (R-94)
Newport News, VA
Served: 2002–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

01/14/2008: In Commerce and Labor Committee

View Entire History

Summary

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 consumer’s 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.

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Video

Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/14/2008, 01/29/2008 and 01/29/2008.

Comments

Waldo J., tracking this bill in Photosynthesis, notes:

This is wonderful...but do we need a law for this? I thought all consumer credit agencies already offered this. Aren't they even compelled to do so under federal law?

Posted 5 months ago. #

JWS, tracking this bill in Photosynthesis, notes:

rolled into Byron's Bill

Posted 4 months ago. #

John Shields writes:

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?

Posted 3 months ago. #