Compliance and Legislation, delaware, consumer reporting fees, security freeze

Delaware Changes Rules Pertaining to Security Freezes

In July, Delaware Governor John Brown approved Senate Bill 92 amending the state’s Clean Credit and Identity Theft Protection Act. Section 2203, Title 6 of the Delaware Code which pertains to fee structures and exemption requirements for placing security freezes was amended.

The fee structure for consumer reporting agencies was amended. The fee that a consumer reporting agency charges for an initial security freeze is reduced from twenty dollars to ten dollars. And, the fee charged a person age 65 years or over is changed from twenty dollars to five dollars.

Currently, some agencies are exempt from the requirement of placing a security freeze on a credit report. Exempt agencies include consumer reporting agencies that act only as a reseller of credit information, check services or fraud prevention services companies, and deposit account information service companies. Senate Bill 92 adds to that list a consumer reporting agency database or file that consists entirely of consumer information concerning, and used solely for:

  1. Criminal record information;
  2. Personal loss history information;
  3. Fraud prevention or detection;
  4. Employment screening; or
  5. Tenant screening

The only other amendment in the bill is the revision to the Notice of Rights reflecting the fee changes. 
This bill can be viewed here: http://legiscan.com/DE/text/SB92/id/847171/Delaware-2013-SB92-Draft.html

Michael Klazema

About Michael Klazema The author

Michael Klazema is Chief Marketing Technologist at EY-VODW.com and has over two decades of experience in digital consulting, online product management, and technology innovation. He is the lead author and editor for Dallas-based backgroundchecks.com with a focus on human resource and employment screening developments.

Categories

See more...

More Like This Post