The bill will amend the Indiana Code by adding a new chapter dedicated to Social Security number search requests. This amendment is designed to provide residents with additional recourse to check for unauthorized use of their Social Security numbers. By making it mandatory for consumer reporting agencies to complete these searches, the legislation potentially allows consumers to access critical information about their credit history and any discrepancies that could indicate fraudulent activity. As a result, this bill could significantly improve transparency in consumer credit reporting.
Summary
House Bill 1570 aims to enhance consumer protection by establishing a framework for Social Security number search requests. The bill defines a 'Social Security number search request' as a consumer's inquiry to a reporting agency about the existence of credit files associated with their Social Security number. Starting December 31, 2025, consumer reporting agencies are mandated to fulfill such requests under specific conditions that include verifying the consumer's identity and securing their consent to check with the Social Security Administration. This initiative addresses concerns around identity theft and credit file verification, ensuring consumers can better monitor their personal financial information.
Providing for duties of direct-to-consumer genetic testing companies and for prohibition on disclosure of genetic data of consumers; and imposing civil penalties.