2018 Regular Session ENROLLED
SENATE BILL NO. 127
BY SENATORS HEWITT AND WALSWORTH AND REPRESENTATIVES COX AND
GAROFALO
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 prohibitions upon certain charges to consumers; to provide certain procedures and
5 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 placing or reinstating a security freeze, or for temporarily lifting or revoking the
18 freeze. On January first of each year, a credit reporting agency may increase the
19 charge for placing a security alert based proportionally on changes to the Consumer
20 Price Index of All Urban Consumers as determined by the United States Department
21 of Labor with fractional changes rounded to the nearest twenty-five cents. An
22 exception shall be allowed whereby the consumer will be charged zero dollars by the
23 consumer reporting agency placing the security freeze if any of the following
24 applies:
ACT No. 233
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 127 ENROLLED
1 (1) If the consumer is a victim of identity theft and, upon the request of the
2 consumer reporting agency, provides the credit reporting agency with a police report
3 described in R.S. 9:3568.
4 (2) If the consumer is sixty-two years of age or older.
5 * * *
6 Section 2. This Act shall become effective upon signature by the governor or, if not
7 signed by the governor, upon expiration of the time for bills to become law without signature
8 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
9 vetoed by the governor and subsequently approved by the legislature, this Act shall become
10 effective on the day following such approval.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.