SB325: Credit reports; authorizes armed services members and spouses to freeze.

Chief Patron

Sen. Frank Wagner (R-7)

Frank Wagner (R-7)
Served: 2001–

Progress

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

Status

01/29/2008: In Commerce and Labor Committee

View Entire History

Summary

Credit report security freezes for armed services members.  Authorizes Virginia-domiciled members of the armed services who are deployed to another country and their spouses to freeze access to their credit reports. 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 the service member or spouse can release his report, permanently, temporarily, or to a specific third party. A consumer reporting agency may not charge a fee for establishing a credit freeze, but may charge a fee of no more than $5 for removing or temporarily lifting a freeze. Violations are a prohibited practice under the Consumer Protection Act.