Credit reports; authorizes military personnel and their spouses to freeze access thereto. (HB175)
Introduced By
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
Credit reports; military personnel and their spouses. Authorizes Virginia domiciled members of the armed services 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 consumers express authorization. The measure provides a means by which the service member or spouse can release his report. A consumer reporting agency may charge a fee of no more than $5 for establishing a freeze, removing a freeze, or temporarily lifting a freeze. The measure also prohibits a credit account from being opened in the name of such a consumer who has a security freeze in effect without his express prior written authorization. Violations are prohibited practices under the Virginia Consumer Protection Act. Read the Bill »
Status
01/29/2008: Merged into HB1311
History
Date | Action |
---|---|
12/26/2007 | Committee |
12/26/2007 | Prefiled and ordered printed; offered 01/09/08 081056776 |
12/26/2007 | Referred to Committee on Commerce and Labor |
01/14/2008 | Assigned C & L sub: 2 |
01/16/2008 | Impact statement from DPB (HB175) |
01/29/2008 | Incorporated by Commerce and Labor (HB1311-Byron) |
Comments
Freezing access to credit makes sense. It allows consumers to be the masters of their own financial destiny and promotes responsibility. With the rapid thaw option available a credit freeze is about consumer protection and confidence.
rolled into Byron's bill 1311