The Vermont Statutes Online

Title 9 : Commerce and Trade

Chapter 063 : Consumer Protection

Subchapter 003 : Fair Credit Reporting

• § 2480j. Persons not required to place security freeze

  The following persons are not required to place in a credit report a security freeze pursuant to section 2480h of this title; provided, however, that any person that is not required to place a security freeze on a credit report under the provisions of subdivision (3) of this section shall be subject to any security freeze placed on a credit report by another credit reporting agency from which it obtains information:

  (1) A check services or fraud prevention services company, which reports on incidents of fraud or issues authorizations for the purpose of approving or processing negotiable instruments, electronic fund transfers, or similar methods of payment.

  (2) A deposit account information service company, which issues reports regarding account closures due to fraud, substantial overdrafts, ATM abuse, or similar negative information regarding a consumer to inquiring banks or other financial institutions for use only in reviewing a consumer request for a deposit account at the inquiring bank or financial institution.

  (3) A credit reporting agency that:

  (A) acts only to resell credit information by assembling and merging information contained in a database of one or more credit reporting agencies; and

  (B) does not maintain a permanent database of credit information from which new credit reports are produced. (Added 2003, No. 155 (Adj. Sess.), § 3, eff. July 1, 2005.)