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A BILL TO BE ENTITLED
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AN ACT
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relating to the right of a person to obtain a free credit report. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 20.04, Business & Commerce Code, is |
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amended by amending Subsection (a) and adding Subsection (c) to |
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read as follows: |
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(a) Except as provided by Subsections [Subsection] (b) and |
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(c), a consumer reporting agency may impose a reasonable charge on a |
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consumer for the disclosure of information pertaining to the |
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consumer or for placing a security freeze on a consumer file. The |
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amount of the charge may not exceed $8. On January 1 of each year, a |
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consumer reporting agency may increase the charge for disclosure to |
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a consumer or for placing a security freeze. The increase, if any, |
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must be based proportionally on changes to the Consumer Price Index |
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for All Urban Consumers as determined by the United States |
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Department of Labor with fractional changes rounded to the nearest |
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50 cents. |
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(c) Once every 12 months at no cost to a consumer, on request |
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and proper identification provided by the consumer, a consumer |
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reporting agency shall disclose to the consumer in writing all |
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information pertaining to the consumer in the agency's files at the |
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time of the request as described by Section 20.03. |
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SECTION 2. This Act takes effect September 1, 2007. |