Oklahoma 2024 Regular Session

Oklahoma House Bill HB1254 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. H. B. NO. 1254 Page 1 1
	3	+	HB1254 HFLR Page 1
	4	+	BOLD FACE denotes Committee Amendments. 1
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28		-	ENGROSSED HOUSE
29		-	BILL NO. 1254 By: McCall and Bashore of the
30		-	House
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
31	30
32		-	~~and~~
	31	+	STATE OF OKLAHOMA
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34		-	Hall of the Senate
	33	+	2nd Session of the 59th Legislature (2024)
	34	+
	35	+	COMMITTEE SUBSTITUTE
	36	+	FOR
	37	+	HOUSE BILL NO. 1254 By: McCall
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40		-	[ consumer credit - release of information related to
41		-	credit to third parties without consent - civil
42		-	penalty - enforcement of penalty – codification –
43		-	emergency ]
	43	+	COMMITTEE SUBSTITUTE
	44	+
	45	+	An Act relating to consumer credit; prohibiting
	46	+	release of certain information rel ated to credit to
	47	+	third parties without consent; providing for civil
	48	+	penalty; providing for enforcement of penalty;
	49	+	providing for codification; and declaring an
	50	+	emergency.
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	52	+
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48	57		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLA HOMA:
49	58		SECTION 1. NEW LAW A new section of law to be codified
50	59		in the Oklahoma Statutes as Section 3-412 of Title 14A, unless there
51	60		is created a duplication in numbering, reads as follows:
52	61		A. If a person requests a report from a con sumer reporting
53	62		agency in connection with a credit transaction involving any
54	63		extension of credit, such agency may not, solely on the basis of
55	64		such request, furnish a report to a third party unless s uch third
56	65		party has the consumer 's consent or has a current relationship,
57		-	relating to credit, servicing, or other financial ser vices, with
58		-	such consumer.
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60		-	ENGR. H. B. NO. 1254 Page 2 1
	67	+	HB1254 HFLR Page 2
	68	+	BOLD FACE denotes Committee Amendments. 1
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	93	+	relating to credit, servicing, or other financial ser vices, with
	94	+	such consumer.
85	95		B. Any violation of the provisions of subsection A of this
86	96		section shall result in a civil penalty of Ten Thousand Dollars
87	97		($10,000.00) which shall be paid to t he person or persons ad versely
88	98		affected by the violation. If the credit application is made
89	99		jointly by two persons with respect to a lend ing transaction in
90	100		which both persons would be liable for a debt, then the c ivil
91	101		penalty shall be paid to each person for a total of Twenty Thousand
92	102		Dollars ($20,000.00).
93	103		C. The Attorney General shall have the dut y to enforce the
94	104		provisions of this section.
95	105		SECTION 2. It being immediately necessary for the preservation
96	106		of the public peace, health or safety, an emergency is her eby
97	107		declared to exist, by reason whereof this act shall take effect and
98	108		be in full force from and after its passage a nd approval.
99		-	Passed the House of Represen tatives the 13th day of March, 2024.
100	109
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104		-	Presiding Officer of the House
105		-	of Representatives
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109		-	Passed the Senate the ___ day of __________, 2024.
110		-
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114		-	Presiding Officer of the Senate
	110	+	COMMITTEE REPORT BY: COMMITTEE ON RULES, dated 03/04/2024 - DO PASS,
	111	+	As Amended.