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Can you summarize ORRS 646A.618?
Trade Regulation > Prohibition on changes to consumer report subject to security freeze; entities subject to requirement to place security freeze.
Short Summary
This legal document governs the prohibition on changes to consumer credit reports subject to a security freeze. Consumer reporting agencies are prohibited from changing official information in a consumer credit report, such as name, date of birth, Social Security number, and address, without sending a written confirmation to the consumer. However, technical modifications of official information do not require written confirmation. In the case of an address change, the written confirmation must be sent to both the new and former addresses. The document also specifies entities that are exempt from placing a security freeze on a credit report, including resellers of credit information, check services or fraud prevention services companies, and deposit account information service companies. The exemptions vary depending on the nature of the entity and their role in credit reporting. The document does not mention specific penalties for non-compliance or violation. Overall, this document aims to protect consumer credit information and ensure transparency in the handling of security freezes.
Whom does it apply to?
Consumer reporting agencies, resellers of credit information, check services or fraud prevention services companies, deposit account information service companies
What does it govern?
Prohibition on changes to consumer report subject to security freeze; entities subject to requirement to place security freeze
What are exemptions?
Resellers of credit information who do not maintain a database of credit information, check services or fraud prevention services companies issuing reports on incidents of fraud or authorizations for approving or processing negotiable instruments, electronic funds transfers, or similar methods of payments, deposit account information service companies issuing reports regarding account closures due to fraud, substantial overdrafts, ATM abuse, or similar negative information regarding a consumer
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Oregon