SB712 - Missouri: SB712 - Allows consumers to place security freezes on their credit reports and creates requirements for merchandise rebates

SCS/SBs 712 & 882 - This act allows a consumer to request that a "security freeze" be placed on his or her credit report, which prohibits credit reporting agencies from releasing the consumer's credit report or credit score without specific authorization from the consumer. Credit reporting agencies are directed to place a freeze on any consumer's credit report within five days of the receipt of such a request. The reporting agency must notify the consumer in writing within ten days of enacting the security freeze and must provide instructions for removing or temporarily lifting the freeze. No fee may be charged by a credit reporting agency for a consumer's first security freeze request, but a fee up to $10 may be charged for any subsequent freeze request made by the same consumer. Credit reporting agencies may issue credit reports subject to a freeze in certain circumstances that include: when requested or authorized by the consumer, pursuant to a court order, during times when the [...]

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