HB3380 Summary

• Credit card issuers must verify a change of address before issuing a card when the application address differs from the solicitation address.

• Lenders who receive notice of identity theft from a consumer reporting agency must take reasonable steps to verify the applicant's identity before extending credit.

• Consumers can request a security freeze on their credit report; minors and disabled persons may have freezes placed by parents, guardians, or authorized agents.

• Consumer reporting agencies must place security freezes within 5 business days of request and can charge up to $10 per freeze or temporary lift, except for seniors age 65+ and identity theft victims with police reports.

• Security freezes remain in place until removal is requested and prevent credit report access without consumer authorization, with limited exceptions for existing creditors, law enforcement, and other specified entities.