Consumer Report Security Freeze For Protected Consumers

Section 2 of the bill authorizes a parent or legal guardian to request that a consumer reporting agency place a security freeze on the consumer report of a minor or other individual who is the legal guardian's ward (protected consumer). If the consumer reporting agency does not yet have a consumer report for the protected consumer at the time that a security freeze is requested, the consumer reporting agency is required to create a consumer record for the protected consumer and place a security freeze on the consumer record. The protected consumer's guardian may request that the consumer reporting agency temporarily lift the security freeze placed on the protected consumer's consumer report or record, lift the security freeze with respect to a specific third party, or permanently remove the security freeze. A protected consumer who demonstrates to the credit reporting agency that he or she has reached 17 years of age or that his or her guardian's appointment is no longer valid may have the security freeze removed. A consumer reporting agency is not allowed to charge a fee for the placement, temporary lift, partial lift, or removal of a security freeze on a protected consumer's consumer report or record. Section 1 defines the terms 'guardian', 'protected consumer', 'sufficient proof of authority', and 'sufficient proof of identification', and amends the definition of 'security freeze'. Sections 3 through 6 make conforming amendments.(Note: This summary applies to this bill as introduced.) Read More