CT HB05565

Changes the definition of "minor child" for credit freeze purposes from under 18 years of age to under 16 years of age.

Allows parents or legal guardians to place security freezes on a minor child's credit report by providing proper identification and sufficient proof of authority, without requiring a personal identification number or password.

Requires credit rating agencies to place security freezes on minor children's credit reports within 5 business days and remove them within 15 business days of receiving requests from parents or legal guardians.

Permits credit rating agencies to create records for minor children who have no existing credit file and place security freezes on those records to prevent credit worthiness assessment or unauthorized disclosure.

Effective date for all amendments is October 1, 2016.