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Can you summarize WYST Title 40, Chapter 12, Article 5?
CONSUMER PROTECTION > CREDIT FREEZE REPORTS
Short Summary
This legal document governs consumer protection in relation to credit freeze reports in Wyoming. It defines various terms and concepts related to credit freeze reports, such as breach of the security of the data system, consumer, consumer reporting agency, credit report, creditor, financial institution, personal identifying information, redact, security freeze, and substitute notice. The document outlines the obligations of individuals or commercial entities conducting business in Wyoming that own or license computerized data containing personal identifying information about a resident of Wyoming. It requires entities to conduct a reasonable and prompt investigation in case of a breach of the security system and provide notice to affected residents. The document specifies various methods of providing notice to consumers and grants the attorney general the authority to bring actions for violations. It also governs the process of placing a security freeze on a consumer’s credit report and the permanent removal or temporary lift of a security freeze. The document provides exceptions for financial institutions and covered entities complying with specific federal requirements. Additionally, it outlines the actions and responsibilities of consumer reporting agencies regarding credit freeze reports and allows individuals who are victims of identity theft to petition a court for an expedited judicial determination of their factual innocence. No specific penalties are mentioned in this document.
Whom does it apply to?
Individuals or commercial entities conducting business in Wyoming that own or license computerized data containing personal identifying information about a resident of Wyoming
What does it govern?
Consumer protection in relation to credit freeze reports
What are exemptions?
Financial institutions complying with specific federal requirements and covered entities or business associates complying with HIPAA and its regulations
What are the Penalties?
No penalties are mentioned in this document
Jurisdiction
Wyoming