Consumer Reporting Agency Security Freeze Minors

Section 2 of the bill authorizes a parent or legal guardian (representative) to request that a consumer reporting agency place a security freeze on the consumer report of either a minor less than 16 years of age or another individual who is a ward of the representative (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, if requested in writing by the representative, is required to create a consumer record for the protected consumer and place a security freeze on the consumer record. The protected consumer's representative may request that the consumer reporting agency remove the security freeze. A protected consumer who demonstrates to the consumer reporting agency that his or her representative's appointment is no longer valid may have the security freeze removed.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, or for the creation of a record for a protected consumer. Additionally, a consumer reporting agency is not allowed to charge a fee to place, temporarily lift, partially lift, or permanently remove a security freeze on a consumer report or record of a consumer who is under eighteen years of age. Section 3 requires consumer reporting agencies to provide a notice informing parents or other individuals serving as representatives that they may request a security freeze on the consumer report or record of their child or ward. Section 1 defines the terms "protected consumer", "record", "representative", "sufficient proof of authority", and "sufficient proof of identification", and amends the definition of "security freeze". Sections 4 through 7 make conforming amendments.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More