Enrolled Bill Summary

Senate Bill 533 amends the Finance Code to require a third-party debt collector to make a written record of a dispute relating to the accuracy of a debt it is attempting to collect and adds to the procedures to be followed in such disputes. The bill deletes numerous references to credit bureaus, which are now principally regulated under the Business & Commerce Code.

Senate Bill 533 amends the Business & Commerce Code regarding disputed information that is found to be inaccurate or that cannot be verified after a reinvestigation by requiring a revised consumer report to be provided to each person who requested the consumer's report in the previous six months; prior law required the provision of such information only on the request of the consumer.