NJ S1322

Consumer reporting agencies must provide free credit reports three times during any 12-month period upon consumer request, increased from the current requirement of once per 12-month period

Agencies may charge up to $8 for the fourth or subsequent credit report request within a 12-month period

Free disclosures remain available within 60 days after a consumer receives notification of adverse action or notice from a debt collection agency that their credit rating may be affected

Additional free annual reports continue for consumers who certify they are unemployed seeking work, receiving Work First New Jersey assistance, believe their file contains fraudulent information, or have been victims of identity theft

Amends New Jersey's existing consumer credit reporting law (P.L.1997, c.172) and takes effect immediately upon enactment