HB541 Summary

• Authorizes representatives to place security freezes on consumer credit reports for minors under age 17 and incapacitated individuals or those with court-appointed guardians or conservators.

• Defines "protected consumer" as individuals not older than 16 years old when freeze is requested or those incapacitated with appointed guardians, and creates "protective record" for protected consumers without existing credit reports.

• Requires representatives to provide sufficient proof of authority through court orders, powers of attorney, or notarized affidavits to place or manage security freezes on behalf of protected consumers.

• Establishes procedures for consumer credit reporting agencies to place freezes within 3 business days, send written confirmation within 10 business days, and provide unique identification numbers or passwords for temporary lifts.

• Limits fees to $10 per freeze placement, removal, or temporary lift; prohibits fees for seniors age 65+; exempts identity theft victims with recent law enforcement reports from charges; allows $5 fee for password replacements.