Text: S03205 Text: S03207 Text: S03200 - S03299 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 395, as passed by the House, as 1 2 follows: 1 3 #1. Page 1, by inserting after line 17 the 1 4 following: 1 5 "Sec. . NEW SECTION. 546A.1 PROVISION OF 1 6 CONSUMER REPORTS. 1 7 1. For purposes of this section, unless the 1 8 context otherwise requires: 1 9 a. "Consumer" means an individual who obtains or 1 10 has obtained a financial product or service from a 1 11 financial institution that is to be used primarily for 1 12 personal, family, or household purposes, or that 1 13 individual's legal representative. 1 14 b. "Consumer report" means any written or other 1 15 form of communication of any information by a consumer 1 16 reporting agency bearing on a consumer's 1 17 creditworthiness, credit standing, or credit capacity 1 18 which is used or intended to be used or collected, in 1 19 whole or in part, for the purpose of serving as a 1 20 factor in establishing the consumer's eligibility for 1 21 either of the following: 1 22 (1) Credit or insurance to be used primarily for 1 23 personal, family, or household purposes. 1 24 (2) Employment, promotion, reassignment, or 1 25 retention as an employee. 1 26 c. "Consumer reporting agency" means any person 1 27 that, for monetary fees, dues, or on a cooperative 1 28 nonprofit basis, regularly engages, in whole or in 1 29 part, in the practice of assembling or evaluating 1 30 consumer credit information or other information 1 31 pertaining to consumers for the purpose of furnishing 1 32 consumer reports to third parties. 1 33 2. a. A consumer reporting agency that compiles 1 34 and maintains files on consumers on a nationwide basis 1 35 shall furnish to any consumer who has provided 1 36 appropriate verification of the consumer's identity 1 37 one complete consumer report per calendar year, upon 1 38 the written request of the consumer and without charge 1 39 to the consumer. 1 40 b. The report required under this section must be 1 41 furnished by the consumer reporting agency to a 1 42 requesting consumer within ten calendar days of the 1 43 consumer reporting agency's receipt of the consumer's 1 44 request. 1 45 3. A consumer who requests and is not provided a 1 46 consumer report pursuant to this section shall have a 1 47 cause of action against the consumer reporting agency 1 48 that fails to furnish the requested report within ten 1 49 calendar days of the request to obtain both of the 1 50 following: 2 1 a. The greater of actual monetary damages or two 2 2 hundred fifty dollars. 2 3 b. Reasonable attorney fees and court costs." 2 4 #2. Title page, line 1, by inserting after the 2 5 word "to" the following: "consumer credit, including 2 6 the provision of consumer credit reports and". 2 7 #3. By renumbering, redesignating, and correcting 2 8 internal references as necessary. 2 9 2 10 2 11 2 12 JOE BOLKCOM 2 13 2 14 2 15 2 16 STEVEN H. WARNSTADT 2 17 2 18 2 19 2 20 THOMAS G. COURTNEY 2 21 2 22 2 23 2 24 HERMAN C. QUIRMBACH 2 25 HF 395.501 80 2 26 jj/pj
Text: S03205 Text: S03207 Text: S03200 - S03299 Text: S Index Bills and Amendments: General Index Bill History: General Index
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