Bill Text: NY S04421 | 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: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2019-03-11 - REFERRED TO CONSUMER PROTECTION [S04421 Detail]

Download: New_York-2019-S04421-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                     March 11, 2019
        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Consumer 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.