Legal Seminar, Denver, CO

placement of security freezes on credit reports. The majority prohibit any fee from being charged for a freeze and several also place additional requirements on the credit reporting agencies. NOTE: Section 301 of the recently enacted federal regulatory relief law prohibits a consumer reporting agency from charging a fee for the placement of a credit report security freeze. This provision becomes effective November 24, 2018. Arizona (Ch. 125) Prohibits a credit reporting agency from charging a fee for the placing, removing, or temporary lifting of a credit report security freeze. Colorado (HB 1233) authorizes certain third parties to place and remove credit report security freezes for persons under the age of 16. [Effective January 1, 2019] Connecticut (Ch. 90) Prohibits: (1) the charging of any fee in connection with a security freeze; and (2) requiring, as a condition for placing a security freeze, that a consumer enter into an agreement that limits any claim the consumer may have against the credit reporting agency. The law also requires the Banking Commissioner to adopt regulations to require credit reporting agencies to provide the Commissioner with dedicated points of contact through which the Department of Banking may assist consumer in the event of a data breach. [Effective October 1, 2018] Florida (Ch. 62) Prohibits a credit reporting agency from charging a fee for the placing, removing, or temporary lifting of a credit report security freeze. [Effective July 1, 2018] Georgia (Act 356) Removes the authority for a credit reporting agency to charge a consumer for placing or removing a credit report security freeze. [Effective July 1, 2018] Hawaii (Act 22) Permits all consumers to request a credit report security freeze and prohibits the charging of any related fees by a consumer credit reporting agency. [Effective July 1, 2018] Idaho (SB 1265) Prohibits a consumer credit reporting agency for charging a fee for the first placement of a security freeze or the first request for a temporary lift of the freeze, during a 12-month period. Subsequent requests during the 12-month period may carry a $6 charge. [Effective July 1, 2018] Iowa (Ch. 1091) In addition to a fee prohibition: (1) removes the requirement that a request for a credit report security freeze must be sent by certified mail; (2) lessens the time period the agency has to place the freeze and send written notification to the individual; and (3) requiring the credit reporting agency to inform the consumer of contact information for other nationwide reporting agencies. [Effective January 1, 2019 except for the fee prohibition which is effective July 1, 2018] Kansas (H.B. 2580) Prohibits the charging of any fees in connection with a credit report security freeze. [Approved April 12, 2018; effective upon publication] Kentucky (Ch. 41) Permits the use of electronic communications to send a request for a security freeze as established by the consumer reporting agency. [Effective March 30, 2018] Louisiana (Act 233) Prohibits the charging of any fee in connection with placing, reinstating, or temporarily lifting, a credit report security freeze. [Effective May 15, 2018] Maryland (Ch. 676) Prohibits the charging of a fee for the placement of a security freeze. [Effective October 1, 2018]