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A BILL TO BE ENTITLED
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AN ACT
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relating to requiring consumer reporting agencies to notify a |
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consumer when inaccurate information in the consumer's file is |
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corrected. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 20.07, Business & Commerce Code, is |
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amended by amending Subsection (b) and adding Subsection (c) to |
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read as follows: |
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(b) The consumer [credit] reporting agency which receives a |
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correction shall have reasonable procedures to assure that |
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previously reported inaccurate information in a consumer's file is |
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corrected in a prompt and timely fashion. |
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(c) If a consumer provides the consumer reporting agency an |
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e-mail address for that purpose, the agency shall, not later than |
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the 30th business day after the date on which the agency corrects |
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inaccurate information in the consumer's file, e-mail the consumer |
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a link to an Internet website that allows the consumer to securely |
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obtain a corrected copy of the consumer's credit report at no cost |
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to the consumer. |
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SECTION 2. The change in law made by this Act applies only |
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to a correction submitted to a consumer reporting agency on or after |
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the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2025. |