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SPONSOR: |
Sanchez, B. |
DATE TYPED: |
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HB |
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SHORT TITLE: |
Annual Credit Reports at No Charge |
SB |
227 |
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ANALYST: |
Gilbert |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
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FY03 |
FY04 |
FY03 |
FY04 |
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NFI |
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(Parenthesis
( ) Indicate Expenditure Decreases)
LFC Files
New Mexico Attorney General’s Officer (AGO)
SUMMARY
Synopsis
of Bill
Senate Bill 227 (SB 227) proposes to amend § 56-3-2 of
Significant
Issues
It is the practice under the existing law for
credit bureaus to charge consumers a nominal fee when they request a credit
report. The only other consumer
requirement for requesting a credit report is that they must produce proper
identification.
This bill would provide savings to
RLG/prr/njw