Bill Text: NY A00618 | 2019-2020 | General Assembly | Introduced
Bill Title: Requires that credit reporting agencies contact consumers when an inquiry is made into their credit history; requires credit reporting agencies to provide the consumer with information pertaining to the entity that requested the credit report.
Spectrum: Strong Partisan Bill (Democrat 19-1)
Status: (Introduced - Dead) 2020-01-08 - referred to consumer affairs and protection [A00618 Detail]
Download: New_York-2019-A00618-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 618 2019-2020 Regular Sessions IN ASSEMBLY (Prefiled) January 9, 2019 ___________ Introduced by M. of A. NIOU -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the general business law, in relation to requiring cred- it reporting agencies contact consumers when an inquiry is made into their credit history The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 380-d of the general business law is amended by 2 adding a new subdivision (a-1) to read as follows: 3 (a-1) Every consumer reporting agency shall, upon the occurrence of a 4 consumer report requested on any consumer, notify such consumer of the 5 request by mail and electronic mail. Once notified, the consumer may 6 contact the consumer reporting agency who shall provide such consumer 7 with the name of the person that requested the report, the nature of the 8 request, the date of the request, and the amount of any potential loan, 9 if known. Such consumer shall provide the consumer reporting agency 10 sufficient proof of identification pursuant to subdivision (t) of 11 section three hundred eighty-a of this article before the consumer may 12 receive any information in accordance with this subdivision. 13 § 2. This act shall take effect on the ninetieth day after it shall 14 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02257-01-9