| SB 0670 | Prohibits use of posted inquiries in calculating credit risk scores |
| Sponsor: | Dougherty | |||
| LR Number: | 1872S.01I | Fiscal Note: | 1872-01 | |
| Committee: | Financial and Governmental Organization, Veterans' Affairs & Elections | |||
| Last Action: | 03/17/03 - Second Read and Referred S Financial & Governmental | Journal page: | S536 | |
| Organization, Veterans' Affairs & Elections Committee | ||||
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 670 - 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.
JIM ERTLE