Senate Amendment 5076


PAG LIN




     1  1    Amend Senate File 2277 as follows:
     1  2 #1.  Page 1, by striking lines 6 and 7 and
     1  3 inserting the following:
     1  4    <2.  "Consumer credit report" means a consumer
     1  5 report, as defined in 15 U.S.C. } 1681a, that is used
     1  6 or collected in whole or in part for the purpose of
     1  7 serving as a factor in establishing a consumer's
     1  8 eligibility for credit for personal, family, or
     1  9 household purposes.>
     1 10 #2.  Page 1, line 9, by inserting after the figure
     1 11 <1681a(f).> the following:  <A consumer reporting
     1 12 agency does not include any of the following:
     1 13    a.  A check service or fraud prevention service
     1 14 company that reports on incidents of fraud or issues
     1 15 authorizations for the purpose of approving or
     1 16 processing negotiable instruments, electronic fund
     1 17 transfers, or similar methods of payment.
     1 18    b.  A deposit account information service company
     1 19 that issues reports regarding account closures due to
     1 20 fraud, overdrafts, automated teller machine abuse, or
     1 21 similar negative information regarding a consumer to
     1 22 inquiring financial institutions for use only in
     1 23 reviewing the consumer's request for a deposit account
     1 24 at the inquiring financial institution.
     1 25    c.  Any person or entity engaged in the practice of
     1 26 assembling and merging information contained in a
     1 27 database of one or more consumer reporting agencies
     1 28 and does not maintain a permanent database of credit
     1 29 information from which new consumer reports are
     1 30 produced.>
     1 31 #3.  Page 1, line 15, by striking the word
     1 32 <consumer's> and inserting the following:  <consumer
     1 33 credit>.
     1 34 #4.  Page 1, line 18, by striking the word
     1 35 <consumer's> and inserting the following:  <consumer
     1 36 credit>.
     1 37 #5.  Page 2, line 2, by inserting after the word
     1 38 <consumer> the following:  <credit>.
     1 39 #6.  Page 3, line 4, by inserting after the word
     1 40 <consumer> the following:  <credit>.
     1 41 #7.  Page 3, line 8, by inserting after the word
     1 42 <consumer> the following:  <credit>.
     1 43 #8.  Page 3, line 10, by inserting after the word
     1 44 <consumer> the following:  <credit>.
     1 45 #9.  Page 4, by striking line 20 and inserting the
     1 46 following:  <providing a customer with a copy of the
     1 47 consumer credit>.
     1 48 #10.  Page 4, line 22, by inserting after the word
     1 49 <consumer> the following:  <credit>.
     1 50 #11.  Page 4, line 27, by inserting after the word
     2  1 <consumer> the following:  <credit>.
     2  2
     2  3
     2  4                               
     2  5 STEVE WARNSTADT
     2  6 SF 2277.302 82
     2  7 rn/rj/20597

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