AZ HB2506

Reduces the timeframe for consumer reporting agencies to place a security freeze on a credit report from ten business days to forty-eight hours after receiving a written request from the consumer.

Requires consumer reporting agencies to remove or temporarily lift a security freeze within fifteen minutes when requested through telephone, internet, or other electronic methods during normal business hours (previously had longer timeframes for electronic requests).

Maintains prohibition on fees for placing, removing, or temporarily lifting security freezes, and prevents agencies from charging fees if they must reissue a consumer's personal identification number or password.

Clarifies that security freezes remain in effect until the consumer requests removal or temporary lift, and requires written confirmation of freeze placement within ten business days along with a unique personal identification number or password.

Preserves existing exceptions allowing access to credit reports without consumer authorization for specific purposes including account management, law enforcement, child support agencies, insurance underwriting, and other specified entities.