§ 24-5-24-8 — Application treated as incomplete by third party; notification of security freeze

Indiana § 24-5-24-8

• Jurisdiction: Indiana
• Art. 5: CONSUMER SALES
• Ch. 24: Security Freezes for Consumer Reports

Text

(a) A third party that requests a consumer's
consumer report in connection with an application by the consumer for
credit shall treat the application for credit as incomplete if:
(1) a security freeze has been placed on the consumer's consumer
report;
(2) the consumer has not authorized the release of the consumer's
consumer report under section 7 of this chapter; and
(3) the consumer reporting agency refuses to release the consumer
report to the third party based on subdivisions (1) and (2).
(b) A consumer reporting agency that refuses under subsection
(a)(3) to release a consumer report shall notify the third party
requesting the consumer report of the existence of a security freeze as
the basis for the refusal to release the consumer report to the third
party.
(c) A consumer reporting agency shall not:
(1) state; or
(2) otherwise imply;
to a third party that the consumer's security freeze under this chapter
reflects a negative credit score, history, report, or rating.

Legislative History

As added by P.L.104-2007, SEC.1.