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.
STATE OF NEW YORK
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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