82R7899 RWG-D
By: Walle H.B. No. 2297
A BILL TO BE ENTITLED
AN ACT
relating to the requirement that certain insurers provide consumers
with information related to improving their credit scores.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter A, Chapter 559, Insurance Code, is
amended by adding Section 559.0031 to read as follows:
Sec. 559.0031. INFORMATION PROVIDED TO CONSUMERS. An
insurer shall provide a consumer with specific information related
to improving the consumer's credit score under the insurer's credit
scoring methodology not later than the 10th day after the date the
insurer determines the consumer's credit score.
SECTION 2. The change in law made by this Act applies only
to an insurer that determines a consumer's credit score on or after
the effective date of this Act.
SECTION 3. This Act takes effect September 1, 2011.