Bill Status of HB5293 94th General Assembly
Short Description: CREDIT MONITORING SERVICES
Rep. Harry R. Ramey, Jr.
Statutes Amended In Order of Appearance
Synopsis As Introduced
Creates the Financial Institution Credit Watch Services Act. Provides that any financial institution that has suffered a breach of security concerning personal information shall provide the owner or licensee of the personal information with free credit monitoring services for a period of not less than 6 months, if the personal information was, or is reasonably believed to have been, acquired by an unauthorized person. Excludes a financial institution that is independently owned and operated, not dominant in its field, and employs fewer than 50 full-time employees from the requirements of the Act.