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TX HB5434
Bill
Status
3/14/2025
Primary Sponsor
Mihaela Plesa
Click for details
AI Summary
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Requires consumer reporting agencies to email consumers a link to obtain a free corrected copy of their credit report within 30 business days after correcting inaccurate information in the consumer's file
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Notification requirement applies only when the consumer has provided an email address to the agency for that purpose
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Changes terminology in existing law from "credit reporting agency" to "consumer reporting agency"
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Applies only to corrections submitted to consumer reporting agencies on or after the effective date
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Takes effect September 1, 2025
Legislative Description
Relating to requiring consumer reporting agencies to notify a consumer when inaccurate information in the consumer's file is corrected.
Business & Commerce
Last Action
Referred to Trade, Workforce & Economic Development
4/7/2025