NY A07487

Requires principal creditors to cease collection activities upon receipt of a police report, Federal Trade Commission identity theft victim's report, or the debtor's written statement claiming identity theft for a specific debt.

Adds Federal Trade Commission identity theft victim's report as an acceptable alternative to a police report for stopping debt collection activities.

Expands the written statement requirements to include documentation such as driver's license, identification documents, correspondence disputing the debt, residence documentation, and contact information.

Adds two new acceptable statement types: express statement that debtor was coerced to authorize use of their name or personal information, and criminal or family court documents supporting the identity theft claim.

Takes effect 180 days after becoming law.