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OH HB386
Bill
Status
Engrossed
6/27/2018
Primary Sponsor
Michael Henne
Click for details
AI Summary
- Eliminates fees for placing a security freeze on a consumer's credit report, except no fee charged if consumer is an identity theft victim (with police report).
- Limits fees to $5 maximum for removing or temporarily lifting a security freeze, with temporary lifts for specific creditors capped at $5 per lift.
- Requires credit reporting agencies to comply with security freeze placement requests within three business days and temporary lift requests within fifteen minutes (except for specified technical emergencies).
- Establishes security freezes for protected consumers (minors under 16 and adults with court-appointed guardians/conservators), with placement within thirty days and removal procedures requiring parental or guardian authorization.
- Permits Attorney General enforcement through civil actions with penalties up to $2,500 per violation and authorizes subpoena authority to investigate non-compliance with security freeze requirements.
Legislative Description
Modify credit reporting agency fees for a credit report freeze
Commerce : Consumer Finance
Last Action
Introduced
7/5/2018
Committee Referrals
Financial Institutions, Housing, and Urban Development10/31/2017
Full Bill Text
No bill text available