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Amend CSSB 533 as follows:                                                   
	(1)  In SECTION 1 of the bill, strike amended Section 
392.202(c)(2), Finance Code (committee printing page 1, lines 
50-54), and substitute the following:
		(2)  immediately cease collection efforts and on 
correction of the item send, to each person who has previously 
received a report from the third-party debt collector [or credit 
bureau] containing the inaccurate information, notice of the 
inaccuracy and a copy of an accurate report.
	(2)  In SECTION 1 of the bill, strike amended Section 
392.202(d), Finance Code (committee printing page 1, line 55 
through page 2, line 2), and substitute the following:
	(d)  If the third-party debt collector [or credit bureau] 
states that there has not been sufficient time to complete an 
investigation, the third-party debt collector [or credit bureau] 
shall immediately:
		(1)  change the item in the relevant file as requested 
by the individual;   
		(2)  send to each person who previously received the 
report containing the information a notice that is equivalent to a 
notice under Subsection (c) and a copy of the changed report; and
		(3)  cease collection efforts [if the item involves a 
debt].
	(3)  Add the following appropriately numbered SECTION to the 
bill and renumber subsequent SECTIONS accordingly:
	SECTION ____.  Section 20.06(d), Business & Commerce Code, 
is amended to read as follows:
	(d)  If disputed information is found to be inaccurate or 
cannot be verified after a reinvestigation under Subsection (a), 
the consumer reporting agency, unless otherwise directed by the 
consumer, shall promptly delete the information from the consumer's 
file, revise the consumer file, and provide the revised consumer 
report to the consumer and[, on the request of the consumer,] to 
each person who requested the consumer report within the preceding 
six months.  The consumer reporting agency may not report the 
inaccurate or unverified information in subsequent reports.