Consumer credit; requiring signed disclosure statement before pulling a hard credit report; requiring the Department of Consumer Credit to prescribe form. Effective date.

SB 584 requires businesses to obtain a consumer's written consent before pulling a hard credit report for credit or insurance applications. It directly affects consumers (who gain control over when their credit is checked) and businesses (like lenders or insurers needing to comply). The bill mandates the Department of Consumer Credit to create a standardized online form containing the requester's details, the consumer's signature, and clear disclosure about how the report impacts credit scores. The form must be available online by November 1, 2025, and the consent requirement takes effect on January 1, 2026.