Rep. Fred Camillo’s Bill Concerning Credit Freezes Signed Into Law

Posted on June 6, 2018 by admin

HARTFORD – State Representative Fred Camillo (R-Greenwich) praised the signing of his bill P.A. 18-90, An Act Concerning Fees for Security Freezes on Credit Reports, Notification of a Consumer’s Decision to Place or Remove a Security Freeze on a Credit Report and the Duration of Certain Identity Theft Prevention Services Required After a Data Breach, which was signed by Governor Malloy on June 4th, 2018.

Part of our job in Hartford is to pass legislation that protects consumers,” Rep. Camillo said. “I was moved to introduce this bill when a constituent alerted me to the practice of credit agencies charging a fee to unlock a credit freeze. Many times these freezes are initiated by the credit agencies, yet they charge the consumers a fee to have the freeze removed. In that case, the obligation to pay a fee to unlock the credit freeze seems both punitive and without merit. I thank all my colleagues for supporting this bill and the governor for signing it into law.”

The intent of this legislation is to prohibit credit rating agencies from charging a fee to consumers to place or remove a security freeze from the consumer’s account. It also requires credit rating agencies to notify other credit rating agencies of a consumer’s request to place or remove a security freeze from such consumer’s account, and increase the amount of identity theft prevention or mitigation services provided after a security breach.

P.A. 18-90 passed the House and Senate unanimously, has been signed by the governor and will take effect on October 1st, 2018.