AN ACT CONCERNING CONSUMER SECURITY FREEZES ON CREDIT REPORTS.


General Assembly		*Proposed Bill No. 701*
*January Session, 2009*		LCO No. 958

Referred to Committee on Banks
Introduced by:
SEN. BOUCHER, 26th Dist.

AN ACT CONCERNING CONSUMER SECURITY FREEZES ON CREDIT REPORTS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That subsection (a) of section 36a-701a of the general statutes be amended to require credit rating agencies to (1) place a security freeze on a consumer's credit report within three days of a request by such consumer, and (2) issue a personal identification number to such consumer no later than five days after the credit rating agency places a security freeze on such consumer's credit report.

Statement of Purpose:

To assist victims of identity theft by reducing the time in which credit rating agencies shall (1) place a security freeze on a consumer's credit report after receiving a request from a consumer, and (2) issue a personal identification number permitting such consumer to release such credit report.