RÉSUMÉ DIGEST
ACT 233 (SB 127) 2018 Regular Session Hewitt
Prior law, relative to credit reporting agencies, provided 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.
Prior law further provided 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.
Prior law further provided exceptions whereby the consumer will be charged zero dollars by
the consumer reporting agency placing the security freeze if any of the following applies:
(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.
New law deletes prior law and provides that at no time shall the consumer be charged for
placing or reinstating a security freeze, or for temporarily lifting or revoking the freeze.
Effective upon signature of the governor (May 15, 2018).
(Amends R.S. 9:3571.1(W))