NY State Senate Bill 2021-S3466

Senate Bill S3466

2021-2022 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

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 05, 2022	referred to consumer protection
Jan 29, 2021	referred to consumer protection

co-Sponsors

2021-S3466 (ACTIVE) - Details

See Assembly Version of this Bill:: A2484
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
2019-2020: S4421, A618
2023-2024: S1256, A4717

2021-S3466 (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.

2021-S3466 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S3466

SPONSOR: COMRIE
 
TITLE OF BILL:

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

 
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: S8303(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 in 90 days.

2021-S3466 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3466
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 29, 2021
                                ___________
 
 Introduced  by  Sens.  COMRIE, PARKER -- 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.
                                                            LBD04626-01-1

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Senate Bill S3466

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Sponsored By

Leroy Comrie