SLS 18RS-37 ORIGINAL
2018 Regular Session
SENATE BILL NO. 127
BY SENATOR HEWITT
CREDIT. Prohibits credit reporting agencies from imposing charges for a security freeze
request under certain circumstances. (gov sig)
1 AN ACT
2 To amend and reenact R.S. 9:3571.1(W), relative to credit reporting agencies; to provide
3 relative to charges upon consumers for information and reports; to provide certain
4 exceptions to charges for a security freeze on a consumer file; to provide certain
5 procedures and requirements; and to provide for related matters.
6 Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 9:3571.1(W) is hereby amended and reenacted to read as follows:
8 ยง3571.1. Credit reporting agency information and reports; consumer access to files;
9 right of correction; dissemination or maintenance of untrue or
10 misleading credit information by credit reporting agency;
11 investigation; right to recovery
12 * * *
13 W. A credit reporting agency may impose a reasonable charge on a consumer
14 for initially placing a security freeze on a consumer file. The amount of the charge
15 may not exceed ten dollars. The charge to temporarily lift the security freeze may not
16 exceed eight dollars per request. At no time shall the consumer be charged for
17 revoking the freeze. On January first of each year, a credit reporting agency may
Page 1 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 127
SLS 18RS-37 ORIGINAL
1 increase the charge for placing a security alert based proportionally on changes to the
2 Consumer Price Index of All Urban Consumers as determined by the United States
3 Department of Labor with fractional changes rounded to the nearest twenty-five
4 cents. An exception shall be allowed whereby the consumer will be charged zero
5 dollars by the consumer reporting agency placing the security freeze if any of the
6 following applies:
7 (1) If the consumer is a victim of identity theft and, upon the request of the
8 consumer reporting agency, provides the credit reporting agency with a police report
9 described in R.S. 9:3568.
10 (2) If the consumer is sixty-two years of age or older.
11 (3) If the consumer request for a security freeze is due to a breach of
12 consumer file information held by a credit reporting agency, no charge shall be
13 made for placing or temporarily lifting the security freeze.
14 * * *
15 Section 2. This Act shall become effective upon signature by the governor or, if not
16 signed by the governor, upon expiration of the time for bills to become law without signature
17 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
18 vetoed by the governor and subsequently approved by the legislature, this Act shall become
19 effective on the day following such approval.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Jerry G. Jones.
DIGEST
SB 127 Original 2018 Regular Session Hewitt
Present law relative to credit reporting agencies provides that such agencies may impose a
reasonable charge on a consumer for initially placing a security freeze on a consumer file.
The amount of the charge may not exceed $10. The charge to temporarily lift the security
freeze may not exceed $8 per request. At no time shall the consumer be charged for revoking
the freeze.
Present law further provides that on January first of each year, a credit reporting agency may
increase the charge for placing a security alert based proportionally on changes to the
Consumer Price Index with fractional changes rounded to the nearest twenty-five cents.
Present law further provides exceptions whereby the consumer will be charged zero dollars
by the consumer reporting agency placing the security freeze if any of the following applies:
Page 2 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 127
SLS 18RS-37 ORIGINAL
(1)If the consumer is a victim of identity theft and, upon the request of the consumer
reporting agency, provides the credit reporting agency with a police report.
(2)If the consumer is 62 years of age or older.
Proposed law retains present law and adds exception that if the consumer request for a
security freeze is due to a breach of consumer file information held by a credit reporting
agency, no charge shall be made for placing or temporarily lifting the security freeze.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 9:3571.1(W))
Page 3 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.