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 2006."

     (Prefiled by the sponsor(s).)

     Sep 7-To: Interim Joint Committee on Banking and Insurance
     Jan 3-introduced in House; to Banking and Insurance (H)
     Jan 11-posted in committee