NY State Senate Bill 2019-S4421

Senate Bill S4421

2019-2020 Legislative Session

Relates to requiring credit reporting agencies contact consumers when an inquiry is made into their credit history

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Archive: Last Bill Status - In Senate Committee Consumer Protection Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 08, 2020	referred to consumer protection
Mar 11, 2019	referred to consumer protection

co-Sponsors

2019-S4421 (ACTIVE) - Details

See Assembly Version of this Bill:: A618
Current Committee:: Senate Consumer Protection
Law Section:: General Business Law
Laws Affected:: Amd §380-d, Gen Bus L
Versions Introduced in Other Legislative Sessions:: 2017-2018: S8303, A10411
2021-2022: S3466, A2484
2023-2024: S1256, A4717

2019-S4421 (ACTIVE) - Summary

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.

2019-S4421 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S4421

SPONSOR: COMRIE
 
TITLE OF BILL:  An act to amend the general business law, in relation
to requiring credit reporting agencies contact consumers when an inquiry
is made into their credit history

 
PURPOSE OR GENERAL IDEA OF BILL:

The purpose of this bill is to require credit reporting agencies contact
consumers when an inquiry is made into their credit history to better
provide control and awareness to consumers regarding aspects of their
credit.

 
SUMMARY OF PROVISIONS:

Section 380-d of the general business law is amended by adding a new
subdivision (a-i) which requires that a consumer reporting agency, upon
the occurrence of a consumer report request on any consumer, notify the
consumer. It further allows the consumer to contact the consumer report-
ing agency who shall provide information regarding the report, given the

consumer can sufficiently provide identification.

 
JUSTIFICATION:

Recent breaches to consumer privacy and information have created circum-
stances which require further protection of consumers. Providing the
tools and information to consumers is a necessary step in creating a
safer and more protective environment for consumers. This bill alerts
consumers to potential threats to their credit and provides them with
the ability to access important information. Consumers are better able
to safeguard themselves from unwarranted damage to their credit with
this information.

 
PRIOR LEGISLATIVE HISTORY:

2018: 58303(Comrie)/A10411(Niou) - referred to consumer
protection/referred to consumer affairs and protection

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

None.

 
EFFECTIVE DATE:
This act shall take effect 90 days

2019-S4421 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4421
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                              March 11, 2019
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Consumer 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:
 
   Section 1. Section 380-d of the general business  law  is  amended  by
 adding a new subdivision (a-1) to read as follows:
   (A-1)  EVERY CONSUMER REPORTING AGENCY SHALL, UPON THE OCCURRENCE OF A
 CONSUMER REPORT REQUESTED ON ANY CONSUMER, NOTIFY SUCH CONSUMER  OF  THE
 REQUEST  BY  MAIL  AND  ELECTRONIC MAIL. ONCE NOTIFIED, THE CONSUMER MAY
 CONTACT THE CONSUMER REPORTING AGENCY WHO SHALL  PROVIDE  SUCH  CONSUMER
 WITH THE NAME OF THE PERSON THAT REQUESTED THE REPORT, THE NATURE OF THE
 REQUEST,  THE DATE OF THE REQUEST, AND THE AMOUNT OF ANY POTENTIAL LOAN,
 IF KNOWN. SUCH CONSUMER SHALL  PROVIDE  THE  CONSUMER  REPORTING  AGENCY
 SUFFICIENT  PROOF  OF  IDENTIFICATION  PURSUANT  TO  SUBDIVISION  (T) OF
 SECTION THREE HUNDRED EIGHTY-A OF THIS ARTICLE BEFORE THE  CONSUMER  MAY
 RECEIVE ANY INFORMATION IN ACCORDANCE WITH THIS SUBDIVISION.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02257-01-9

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Senate Bill S4421

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Sponsored By

Leroy Comrie