Section 45.48.170. Notice of rights.

When a consumer credit reporting agency is required to give a consumer a summary of rights under 15 U.S.C. 1681g (Fair Credit Reporting Act), a consumer credit reporting agency shall also give the consumer the following notice: 
                                                                 
 Consumers Have the Right to Obtain a Security Freeze            
    You may obtain a security freeze on your credit report and credit  
score for $5 to protect your privacy and ensure that credit is not     
granted in your name without your knowledge. You may not have to pay
 the $5 charge if you are a victim of identity theft. You have a right 
to place a security freeze on your credit report and credit score under
state law (AS 45.48.100 - 45.48.290).                                  
    The security freeze will prohibit a consumer credit reporting
 agency from releasing your credit score and any information in your   
credit report without your express authorization or approval.          
    The security freeze is designed to prevent credit, loans, and other
services from being approved in your name without your consent.
 However, you should be aware that using a security freeze to take     
control over who gets access to the personal and financial information 
in your credit report and credit score may delay, interfere with, or   
prohibit the timely approval of any subsequent request or application  
you make regarding a new loan, credit, a mortgage, a governmental      
service, a governmental payment, a cellular telephone, a utility, an   
Internet credit card application, an extension of credit at point of   
sale, and other items and services.                                    
    When you place a security freeze on your credit report and credit  
score, within 10 business days, you will be provided a personal        
identification number, password, or similar device to use if you choose
to remove the freeze on your credit report and credit score or to      
temporarily authorize the release of your credit report and credit
 score to a specific third party or specific third parties or for a    
specific period of time after the freeze is in place. To provide that  
authorization, you must contact the consumer credit reporting agency
 and provide all of the following:                                     
     (1) proper identification to verify your identity;                
     (2) the personal identification number, password, or similar
 device provided by the consumer credit reporting agency;              
     (3) proper information necessary to identify the third party or   
third parties who are authorized to receive the credit report and
 credit score or the specific period of time for which the credit
 report and credit score are to be available to third parties.         
    A consumer credit reporting agency that receives your request to   
temporarily lift a freeze on a credit report and credit score is       
required to comply with the request within 15 minutes, except after    
normal business hours and under certain other conditions, after        
receiving your request if you make the request by telephone, or an     
electronic method if the agency provides an electronic method, or
 within three business days after receiving your request if you make
 the request by mail. The consumer credit reporting agency may charge  
you $2 to temporarily lift the freeze.                                 
    A security freeze does not apply to circumstances where you have an
existing account relationship and a copy of your credit report and     
credit score are requested by your existing creditor or its agents or  
affiliates for certain types of account review, collection, fraud      
control, or similar activities.                                        
    If you are actively seeking credit, you should understand that the 
procedures involved in lifting a security freeze may slow your own     
applications for credit. You should plan ahead and lift a freeze,
 either completely if you are shopping around, or specifically for a   
certain creditor, days before applying for new credit.                 
    You have a right to bring a civil action against someone who       
violates your rights under these laws on security freezes. The action  
can be brought against a consumer credit reporting agency.      

Notes

History

(Sec. 4 ch 92 SLA 2008)