Bill Text: NY A02484 | 2021-2022 | General Assembly | Introduced

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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 17-1)

Status: (Introduced - Dead) 2022-01-05 - referred to consumer affairs and protection [A02484 Detail]

Download: New_York-2021-A02484-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2484

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    January 19, 2021
                                       ___________

        Introduced  by M. of A. NIOU, BARRON, EICHENSTEIN, KIM, DINOWITZ, ENGLE-
          BRIGHT, EPSTEIN,  FRONTUS,  RICHARDSON,  FALL,  SAYEGH,  D. ROSENTHAL,
          SOLAGES,  ABINANTI,  PRETLOW, REYES, STECK -- Multi-Sponsored by -- M.
          of A. MANKTELOW -- 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.
                                                                   LBD04626-01-1