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
________________________________________________________________________
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
