HB15 Summary

• Allows Alabama consumers to place security freezes on credit reports by certified mail or electronic means to prevent unauthorized access for credit extensions.

• Consumer credit reporting agencies must place freezes within 3 business days and provide consumers with a unique personal identification number or password.

• Permits temporary lifting of freezes within 15 minutes for electronic/phone requests or 3 business days for written requests when consumer provides proper identification and password.

• Authorizes agencies to charge up to $10 per freeze placement, removal, or temporary lift, but prohibits fees for seniors 65+ and identity theft victims with valid police reports.

• Violators subject to fines of up to $100 per consumer, with exemptions for existing creditors, government agencies, and other specified entities; becomes effective 3 months after passage.