What's happening
This bill requires consumer reporting agencies to provide consumers with their information for free upon request at any time.
Why it matters
Empowers consumers to monitor their credit more closely. by allowing them to access their credit reports and related information from consumer reporting agencies whenever they choose, without worrying about fees or annual limits.
Removes financial barriers to credit information. , which is especially significant for lower-income individuals who may previously have avoided checking their credit due to cost, leading to better financial awareness and the ability to address errors or fraud quickly.
Strengthens consumer protection against identity theft and inaccuracies. because immediate, cost-free access allows individuals to spot and dispute mistakes or signs of fraud on their credit reports in real time, rather than waiting for an annual free report or paying extra.
Potentially increases accountability of consumer reporting agencies. , since they must provide free, on-demand disclosures of all information, sources, and report recipients, making it harder for agencies to hide errors or problematic reporting practices.
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Who cares
Headline styles
Free Credit Reports Required
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to consumer affairs and protection
- Referred to consumer affairs and protection
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Free Access to Credit Reports
In Senate Committee · Consumer Protection · Sponsor Martin J. Golden
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
8679
2017-2018 Regular Sessions
IN ASSEMBLY
September 25, 2017
Introduced by M. of A. ROSENTHAL -- read once and referred to the Committee on Consumer Affairs and Protection
AN ACT to amend the general business law, in relation to requiring consumer reporting agencies to provide a consumer's information to such consumer at no cost
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision (a) of section 380-d of the general business law, as added by chapter 867 of the laws of 1977, is amended to read as follows:
(a) Every consumer reporting agency shall at any time, upon request and proper identification of any consumer, and at no cost to the consumer, clearly and accurately disclose to the consumer:
(1) all information in its files at the time of the request concerning such consumer; and
(2) the sources of the information; except that the sources of information acquired solely for use in preparing an investigative consumer report and actually used for no other purpose need not be disclosed; provided, however, that in the event an action is brought under section three hundred eighty-n of this article, such sources shall be available to the plaintiff under appropriate discovery procedures in the court in which the action is brought; and
(3) the recipients of any consumer report on the consumer which it has furnished;
(i) for employment purposes within the two-year period preceding the request, and
(ii) for any other purpose within the six month period preceding the request.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13509-02-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.