TX SB2902

Prohibits creditors and debt collectors from attempting to collect consumer debt from a person who provides either a court order declaring them an identity theft victim or a completed FTC identity theft victim's report identifying the fraudulent debt

Requires debt collectors who receive valid identity theft documentation to immediately cease collection efforts, notify all parties who previously received reports about the debt, and refrain from selling or transferring the debt

Allows debt collectors to still enforce security interests on tangible personal property securing the fraudulent debt but prohibits collecting any deficiency from the identity theft victim

Permits creditors to file suit to collect the debt if they have a good faith belief that the consumer materially misrepresented being an identity theft victim

Grants creditors standing to pursue collection of disputed debts from the actual perpetrator of the identity theft rather than the victim

Excludes home loans and collection of judgments already obtained from the bill's protections; takes effect September 1, 2025