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#38990 - 10/25/02 03:17 PM California SB 168 and Security Freezes
Suwannee Offline
Platinum Poster
Suwannee
Joined: Jun 2002
Posts: 641
Florida
If an applicant applies for a loan, can they give the lender their personal identification number or password to use in pulling credit or do they have to obtain a specific number from the credit bureau for that specific vendor prior to use?

Can the number be used more than once by the same vendor?

Does anyone have a contact name and phone number that I could call and ask questions?

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#38991 - 10/30/02 05:19 PM Re: California SB 168 and Security Freezes
Suwannee Offline
Platinum Poster
Suwannee
Joined: Jun 2002
Posts: 641
Florida
So, I assume that no one knows the answer to this question? Al? Is there anybody out there?

If an applicant applies for a loan, can they give the lender their personal identification number or password to use in pulling credit or do they have to obtain a specific number from the credit bureau for that specific vendor prior to use?

Can the number be used more than once by the same vendor?

Does anyone have a contact name and phone number that I could call and ask questions?
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When you lose, don't lose the lesson.

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#38992 - 10/31/02 05:47 PM Re: California SB 168 and Security Freezes
CalifDreamin Offline
Diamond Poster
CalifDreamin
Joined: Mar 2002
Posts: 2,213
Far from Calif
Here is the site for that bill (it is chaptered now), as well as the pertient sections for you. The way I read this is that once they request the security freeze and it is placed, then the credit bureau issues the consumer a special PIN to only be used by the consumer. If they are applying for credit, the consumer can authorize the credit bureau to release information. I hope this helps...


http://www.leginfo.ca.gov/pub/bill/sen/sb_0151-0200/sb_168_bill_20011011_chaptered.pdf

(f) The security alert shall remain in place for at least 90 days, and a
consumer shall have the right to request a renewal of the security alert.
SEC. 2. Section 1785.11.2 is added to the Civil Code, to read:
1785.11.2. (a) A consumer may elect to place a security freeze on
his or her credit report by making a request in writing by certified mail
to a consumer credit reporting agency. ĎĎSecurity freezeíí means a notice
placed in a consumerís credit report, at the request of the consumer and
subject to certain exceptions, that prohibits the consumer credit
reporting agency from releasing the consumerís credit report or any
information from it without the express authorization of the consumer.
When a security freeze is in place, information from a consumerís credit
report shall not be released to a third party without prior express
authorization from the consumer. This subdivision does not prevent a
consumer credit reporting agency from advising a third party that a
security freeze is in effect with respect to the consumerís credit report.
(b) A consumer credit reporting agency shall place a security freeze
on a consumerís credit report no later than five business days after
receiving a written request from the consumer.
(c) The consumer credit reporting agency shall send a written
confirmation of the security freeze to the consumer within 10 business
days and shall provide the consumer with a unique personal
identification number or password to be used by the consumer when
providing authorization for the release of his or her credit for a specific
party or period of time.
(d) If the consumer wishes to allow his or her credit report to be
accessed for a specific party or period of time while a freeze is in place,
he or she shall contact the consumer credit reporting agency, request that
the freeze be temporarily lifted, and provide the following:
(1) Proper identification, as defined in subdivision (c) of Section
1785.15.
(2) The unique personal identification number or password provided
by the credit reporting agency pursuant to subdivision (c).
(3) The proper information regarding the third party who is to receive
the credit report or the time period for which the report shall be available
to users of the credit report.
(e) A consumer credit reporting agency that receives a request from
a consumer to temporarily lift a freeze on a credit report pursuant to
subdivision (d), shall comply with the request no later than three
business days after receiving the request.
(f) A consumer credit reporting agency may develop procedures
involving the use of telephone, fax, the Internet, or other electronic
media to receive and process a request from a consumer to temporarily
lift a freeze on a credit report pursuant to subdivision (d) in an expedited
manner.
(g) A consumer credit reporting agency shall remove or temporarily
lift a freeze placed on a consumerís credit report only in the following
cases:
(1) Upon consumer request, pursuant to subdivision (d) or (j).
(2) If the consumerís credit report was frozen due to a material
misrepresentation of fact by the consumer. If a consumer credit reporting
agency intends to remove a freeze upon a consumerís credit report
pursuant to this paragraph, the consumer credit reporting agency shall
notify the consumer in writing prior to removing the freeze on the
consumerís credit report.
(h) If a third party requests access to a consumer credit report on
which a security freeze is in effect, and this request is in connection with
an application for credit or any other use, and the consumer does not
allow his or her credit report to be accessed for that specific party or
period of time, the third party may treat the application as incomplete.
(i) If a consumer requests a security freeze, the consumer credit
reporting agency shall disclose the process of placing and temporarily
lifting a freeze, and the process for allowing access to information from
the consumerís credit report for a specific party or period of time while
the freeze is in place.
(j) A security freeze shall remain in place until the consumer requests
that the security freeze be removed. A consumer credit reporting agency
shall remove a security freeze within three business days of receiving a
request for removal from the consumer, who provides both of the
following:
(1) Proper identification, as defined in subdivision (c) of Section
1785.15.
(2) The unique personal identification number or password provided
by the credit reporting agency pursuant to subdivision (c).
(k) A consumer credit reporting agency shall require proper
identification, as defined in subdivision (c) of Section 1785.15, of the
person making a request to place or remove a security freeze.

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