SB 0991 Prohibits use of posted inquiries in calculating credit risk scores
LR Number:2786S.01I Fiscal Note:2786-01
Committee:Financial and Governmental Organization, Veterans' Affairs & Elections
Last Action:01/15/04 - Second Read and Referred S Financial & Governmental Journal page:S118
Organization, Veterans' Affairs & Elections Committee
Effective Date:August 28, 2004
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Current Bill Summary

SB 991 - This act prohibits a consumer reporting agency from determining the credit risk score of a resident of this state by the number of inquiries posted on a consumer's credit files. Any consumer who receives a credit risk score in violation of this act shall have the right to bring a civil action and seek injunctive relief. The Attorney General is also authorized to prosecute civil and criminal actions authorized by this section.

This act is identical to SB 670 (2003).