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Bill Detail: HB18-1063

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Title Consumer Control Of Consumer Credit Information
Status House Committee on State, Veterans, & Military Affairs Postpone Indefinitely (02/14/2018)
Bill Subjects
  • Financial Services & Commerce
House Sponsors D. Williams (R)
Senate Sponsors
House Committee State, Veterans, & Military Affairs
Senate Committee
Date Introduced 01/10/2018
Description

Section 1 of the bill authorizes a consumer to require a consumer
reporting agency to obtain the consumer's consent:
  • Before furnishing a consumer report concerning the
consumer to a third party, except where the consumer
reporting agency furnishes the consumer report in response

to a court order; or
  • To sell, provide a copy of, or otherwise furnish to a third
party any information in the file that the consumer
reporting agency has on the consumer.
The consumer reporting agency must provide notice to the consumer of
the consumer's right to require such consent.
Section 2 requires a consumer reporting agency to develop
procedures by which a consumer, whose consumer or personal
information has been hacked, altered, or otherwise compromised as a
result of a security breach that occurred on or after January 1, 2017, at the
consumer reporting agency, may request that the consumer reporting
agency, free of charge:
  • Turn over to the consumer the consumer's file and any
consumer reports that the consumer reporting agency has
developed in relation to the consumer;
  • Purge from its physical and electronic records any
information in the consumer's file and any consumer
reports developed in connection with the consumer; and
  • No longer record and retain any information related to the
consumer.
Section 2 further provides that the procedures a consumer
reporting agency develops would not apply to publicly available
information in a consumer's file and may include procedures for handling
third-party requests for credit scoring, creditworthiness, or other
information related to the consumer.

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