84R6346 GRM-D
By: Deshotel H.B. No. 1320
A BILL TO BE ENTITLED
AN ACT
relating to certain information reported by consumer reporting
agencies.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 20.05(a) and (b), Business & Commerce
Code, are amended to read as follows:
(a) Except as provided by Subsection (b), a consumer
reporting agency may not furnish a consumer report containing
information related to:
(1) a case under Title 11 of the United States Code or
under the federal Bankruptcy Act in which the date of entry of the
order for relief or the date of adjudication predates the consumer
report by more than 10 years;
(2) a suit or judgment in which the date of entry
predates the consumer report by more than seven years or the
governing statute of limitations, whichever is longer;
(3) a tax lien in which the date of payment predates
the consumer report by more than seven years;
(4) a record of arrest, indictment, information,
misdemeanor complaint, or conviction of a crime in which the date of
disposition, release, or parole predates the consumer report by
more than seven years; or
(5) another item or event that predates the consumer
report by more than seven years.
(b) A consumer reporting agency may furnish a consumer
report that contains information described by Subsection (a) if the
information is provided in connection with:
(1) a credit transaction with a principal amount that
is or may reasonably be expected to be $150,000 or more; or
(2) the underwriting of life insurance for a face
amount that is or may reasonably be expected to be $150,000 or
more[; or
[(3) the employment of a consumer at an annual salary
that is or may reasonably be expected to be $75,000 or more].
SECTION 2. This Act takes effect September 1, 2015.