Bill Text - SB332 (2024)

Limiting re-disclosure of consumer reports requested in connection with a credit transaction involving an extension of credit secured by real estate.


Revision: Dec. 11, 2023, 12:54 p.m.

SB 332  - AS INTRODUCED

 

 

2024 SESSION

24-2831

05/08

 

SENATE BILL 332

 

AN ACT limiting re-disclosure of consumer reports requested in connection with a credit transaction involving an extension of credit secured by real estate.

 

SPONSORS: Sen. Gannon, Dist 23; Sen. Soucy, Dist 18

 

COMMITTEE: Commerce

 

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ANALYSIS

 

This bill provides that if a person requests a consumer report in connection with a transaction secured by real estate, the consumer reporting agency shall not release the report to a third party unless the consumer has a relationship with the third party or the consumer has consented to such release.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

24-2831

05/08

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Four

 

AN ACT limiting re-disclosure of consumer reports requested in connection with a credit transaction involving an extension of credit secured by real estate.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

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.