MS SB2886

Allows parents or legal guardians to place security freezes on credit reports of minors under age 18 and individuals with appointed guardians or conservators.

Eliminates fees charged by consumer reporting agencies for placing, removing, or suspending security freezes on consumer reports.

Expands methods to request security freezes to include first-class mail, telephone, and secure electronic communication in addition to certified mail.

Defines "protected consumer," "representative," and "sufficient proof of authority" and identification requirements for representatives acting on behalf of minors or incapacitated persons.

Creates a record-creation requirement for consumer reporting agencies to establish a file for protected consumers when no prior report exists, with restrictions on how the record may be used.