Ask Reggi Your Question Now
Can you summarize NJST 56:11-46?
Election of placement of security freeze on consumer report, procedure.
Short Summary
This legal document governs the election of placing a security freeze on a consumer report. It applies to consumers and consumer reporting agencies. A consumer may elect to place a security freeze on their consumer report by making a request in writing or through a secure electronic mail connection. The consumer reporting agency is required to place the security freeze within five business days of receiving a written request. The agency must provide a written confirmation of the security freeze to the consumer, along with a unique personal identification number or password. If the consumer wishes to temporarily lift the freeze, they must contact the consumer reporting agency and provide certain information. The agency must comply with the request within three business days. The document also outlines exemptions to the security freeze, including existing account relationships, certain government agencies, and credit file monitoring subscription services. No specific penalties are mentioned in this document.
Whom does it apply to?
Consumers and consumer reporting agencies
What does it govern?
Election of placement of security freeze on consumer report
What are exemptions?
The provisions do not apply to certain entities such as existing creditors, law enforcement agencies, child support enforcement agencies, credit file monitoring subscription services, and entities providing a consumer with a copy of their credit report upon request.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
New Jersey