HB 396 (BR 1195) - S. Lee
AN ACT relating to consumer protection.
Create a new section of KRS Chapter 367 to define "consumer credit reporting agency, "credit report", "identity theft", "proper identification", "security alert", and "security freeze"; create a new section of KRS Chapter 367 to establish a procedure to allow a consumer to place a security alert on his credit report if the consumer's identity may have been used without the consumer's consent; create a new section of KRS Chapter 367 to establish a procedure to allow a consumer to place a security freeze on his credit report, requiring the consumer's authorization for release of his report by a consumer credit reporting agency; create a new section of KRS Chapter 367 to prohibit a consumer credit reporting agency from changing a credit report if a security freeze is in effect without notifying the consumer, and require the consumer reporting agency to provide a copy of the credit report to a consumer who has placed a security alert on his report at the end of the 90 day alert period; amend KRS 367.990 to provide a penalty of $2500 to a consumer credit reporting agency which recklessly, willfully, or intentionally fails to enforce a security alert or security freeze as provided in Sections 2 and 3 of this Act; provide that this Act may be cited as the "Consumer Credit Reporting Protection Act of 2005".
HB 396 - AMENDMENTS
HCS - Retain original provisions of the bill; make technical corrections.
HFA (1, J. Gooch Jr) - Exempt from the provisions allowing a security freeze on credit reports any person or entity using a credit report in preparation for a civil or criminal trial or an insurer in the investigation of a claim.
Feb 10-introduced in House
Feb 11-to Labor and Industry (H)
Feb 14-posted in committee
Feb 24-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 25-2nd reading, to Rules; floor amendment (1) filed to Committee Substitute; recommitted to Appropriations and Revenue (H)
