Senate Bill sb2778

    Florida Senate - 2007                                  SB 2778

    By Senator Siplin





    19-257A-07

  1                      A bill to be entitled

  2         An act relating to consumer credit reports;

  3         requiring certain consumer reporting agencies

  4         to provide consumers with an annual credit

  5         report at no charge to the consumer upon

  6         request; requiring report explanations under

  7         specified circumstances; requiring that a

  8         consumer reporting agency correct an error in a

  9         report within a specified period; providing an

10         effective date.

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12  Be It Enacted by the Legislature of the State of Florida:

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14         Section 1.  In order to facilitate checking information

15  in a consumer credit report and disputing any inaccurate

16  information, as permitted by the federal Fair Credit Reporting

17  Act, each consumer credit reporting agency that compiles and

18  maintains files on consumer credit on a nationwide basis shall

19  furnish one complete consumer credit report relating to the

20  consumer's credit at no charge to any consumer in this state

21  who requests a consumer credit report. The agency shall

22  furnish the credit report once each calendar year after the

23  consumer provides appropriate verification of his or her

24  identity. The agency shall provide explanations of the codes

25  contained in the report if the agency released the person's

26  credit information to any entity doing business in this state

27  within the previous calendar year. An error in a credit report

28  must be corrected within 30 days after the consumer credit

29  reporting agency receives proof that the credit report is

30  incorrect.

31         Section 2.  This act shall take effect July 1, 2007.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2007                                  SB 2778
    19-257A-07




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 2                          SENATE SUMMARY

 3    Requires certain consumer credit reporting agencies to
      provide consumers with an annual credit report at no
 4    charge upon the request of the consumer. Requires report
      explanations under specified circumstances. Requires that
 5    a consumer credit reporting agency correct an error in a
      report within 30 days.
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CODING: Words stricken are deletions; words underlined are additions.