HB1330: relative to the investigation of disputed credit reporting items by consumer credit reporting agencies.

HB 1330 - AS INTRODUCED

2003 SESSION

03-2283

05/10

HOUSE BILL 1330

AN ACT relative to the investigation of disputed credit reporting items by consumer credit reporting agencies.

SPONSORS: Rep. Lawrence, Hills 66

COMMITTEE: Commerce

ANALYSIS

This bill requires the credit grantor to provide the consumer credit reporting agency with written verification of a disputed credit item.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03-2283

05/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Three

AN ACT relative to the investigation of disputed credit reporting items by consumer credit reporting agencies.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Paragraph; Consumer Credit Reporting; Procedures in Case of Disputed Accuracy; Burden of Proof on Consumer Reporting Agency. Amend RSA 359-B:11 by inserting after paragraph III the following new paragraph:

III-a. In conducting the reinvestigation, the consumer reporting agency shall request from the credit grantor written documentation verifying the information contained in the disputed credit item. If such information is not supplied within 30 days of the request, the consumer reporting agency shall change or delete such information. Any information provided by the credit grantor shall be available to the consumer, upon request.

2 Effective Date. This act shall take effect January 1, 2005.