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MI HB5055
Bill
Status
10/3/2017
Primary Sponsor
Peter Lucido
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AI Summary
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Consumer reporting agencies may charge up to $10.00 for placement, temporary lifting, or removal of a security freeze for consumers under article 2.
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Consumer reporting agencies may charge up to $10.00 for placement or removal of a security freeze for protected consumers under article 3.
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Fees are waived if the consumer filed a police report for identity theft or requested a freeze in connection with a security breach of the reporting agency's database.
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Fees are waived for protected consumers under age 16 if the reporting agency maintains a credit report for that consumer.
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The act takes effect 90 days after enactment.
Legislative Description
Consumer credit; credit reports and reporting agencies; requests for security freeze in connection with a security breach of a database maintained by a consumer reporting agency; prohibit assessment of fees. Amends sec. 31 of 2013 PA 229 (MCL 445.2541).
Consumer credit: credit reports and reporting agencies
Last Action
Bill Electronically Reproduced 10/03/2017
10/4/2017