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1 New Paragraph; Consumer Reporting Agencies; Permissible Purposes of Reports; Release of Report to Third Parties Limited. Amend RSA 359-B:4 by inserting after paragraph III the following new paragraph:
IV. If a person requests a report from consumer reporting agency in connection with a credit transaction involving an extension of credit secured by real estate, such agency may not, solely on the basis of such request, furnish a report to a third party unless such third party has submitted documentation to such agency certifying that such third party has the consumer's consent or has a current relationship, relating to credit, servicing or other financial services, with such consumer.
2 Effective Date. This act shall take effect January 1, 2025.
Text to be added highlighted in green.
1 New Paragraph; Consumer Reporting Agencies; Permissible Purposes of Reports; Release of Report to Third Parties Limited. Amend RSA 359-B:4 by inserting after paragraph III the following new paragraph:
IV. If a person requests a report from consumer reporting agency in connection with a credit transaction involving an extension of credit secured by real estate, such agency may not, solely on the basis of such request, furnish a report to a third party unless such third party has submitted documentation to such agency certifying that such third party has the consumer's consent or has a current relationship, relating to credit, servicing or other financial services, with such consumer.
2 Effective Date. This act shall take effect January 1, 2025.