For the purposes of this chapter, unless the context otherwise requires:
1.“Consumer” means an individual who is a resident of this state sixteen years of age or
older who does not otherwise meet the definition of a protected consumer and who is not
subject to a protected consumer security freeze.
2.“Consumercreditreport”meansaconsumerreport, asdefinedin15U.S.C.§1681a, that
is used or collected in whole or in part for the purpose of serving as a factor in establishing a
consumer’s eligibility for credit for personal, family, or household purposes.
3.“Consumer reporting agency” means the same as defined in 15 U.S.C. §1681a(f). A
consumer reporting agency does not include any of the following: a.A check service or fraud prevention service company that reports on incidents of fraud
or iss
Free access — add to your briefcase to read the full text and ask questions with AI
For the purposes of this chapter, unless the context otherwise requires:
1. “Consumer” means an individual who is a resident of this state sixteen years of age or
older who does not otherwise meet the definition of a protected consumer and who is not
subject to a protected consumer security freeze.
2. “Consumercreditreport”meansaconsumerreport, asdefinedin15U.S.C.§1681a, that
is used or collected in whole or in part for the purpose of serving as a factor in establishing a
consumer’s eligibility for credit for personal, family, or household purposes.
3. “Consumer reporting agency” means the same as defined in 15 U.S.C. §1681a(f). A
consumer reporting agency does not include any of the following:
a. A check service or fraud prevention service company that reports on incidents of fraud
or issues authorizations for the purpose of approving or processing negotiable instruments,
electronic fund transfers, or similar methods of payment.
b. A deposit account information service company that issues reports regarding account
closures due to fraud, overdrafts, automated teller machine abuse, or similar negative
information regarding a consumer to inquiring financial institutions for use only in reviewing
the consumer’s request for a deposit account at the inquiring financial institution.
c. Any person or entity engaged in the practice of assembling and merging information
contained in a database of one or more consumer reporting agencies and does not maintain
a permanent database of credit information from which new consumer reports are produced.
d. A company that maintains a database or file that consists of any of the following
information which is used for purposes unrelated to the granting of credit:
(1) Criminal history information.
(2) Information relating to employment, rental history, or a background check.
4. “Identification information” means as defined in section 715A.8.
5. “Identity theft” means as used in section 715A.8.
6. “Normal business hours” means Sunday through Saturday, between the hours of 6:00
a.m. and 9:30 p.m., central standard time or central daylight saving time.
7. “Proper identification” means the same as defined in 15 U.S.C. §1681h(a)(1).
8. “Protected consumer” means an individual who is either under sixteen years of age at
the time a request for a protected consumer security freeze is made for the individual or is
an incapacitated person or a protected person for whom a guardian or conservator has been
appointed.
9. “Protected consumer security freeze” means one of the following:
a. If a consumer reporting agency does not have a file pertaining to a protected
consumer, a restriction that is placed on the protected consumer’s record in accordance with
section 714G.8A that prohibits the consumer reporting agency from releasing the protected
consumer’s record except as provided in that section.
b. If a consumer reporting agency has a file pertaining to a protected consumer, a
restriction that is placed on the protected consumer’s consumer credit report in accordance
with section 714G.8A that prohibits the consumer reporting agency from releasing the
protected consumer’s consumer credit report or any information derived from the protected
consumer’s consumer credit report except as provided in that section.
§714G.1, CONSUMER CREDIT SECURITY 2
10. “Record” means a compilation of information that includes or satisfies all of the
following:
a. Identifies a protected consumer.
b. Is created by a consumer reporting agency solely for the purpose of complying with
section 714G.8A.
c. Is not created or used to consider the protected consumer’s credit worthiness, credit
standing, credit capacity, character, general reputation, personal characteristics, or mode of
living.
11. “Representative” means a protected consumer’s parent, guardian, or custodian who
provides to a consumer reporting agency sufficient proof of authority to act on behalf of a
protected consumer.
12. “Security freeze” means a notice placed in a consumer credit report, at the request of
the consumer and subject to certain exceptions, that prohibits a consumer reporting agency
from releasing the consumer credit report or score relating to the extension of credit.
13. “Sufficient proof of authority” means documentation that shows a representative has
authority to act on behalf of a protected consumer, which may be demonstrated in the form of
an order issued by a court of law, a lawfully executed and valid power of attorney, or a written
notarized statement signed by the representative that expressly describes the authority of the
representative to act on behalf of a protected consumer.
14. “Sufficient proof of identification” means one or more of the following:
a. Aprotectedconsumer’ssocialsecuritynumberoracopyofasocialsecuritycardissued
by the federal social security administration.
b. Acertifiedorofficialcopyofaprotectedconsumer’sbirthcertificateissuedbytheentity
authorized to issue the birth certificate.
c. A copy of a protected consumer’s driver’s license, a protected consumer’s
nonoperator’s identification card issued by the state department of transportation, or any
other federal or state government-issued form of identification pertaining to a protected
consumer.