D.C. Act 22-401. Credit Protection Fee Waiver Emergency Amendment Act of 2018.

AN ACT

To amend, on an emergency basis, Chapter 38 of Title 28 of the District of Columbia Official Code to restrict a credit reporting agency's authority to charge consumers for security freeze services.

BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as the "Credit Protection Fee Waiver Emergency Amendment Act of 2018".

Sec. 2. Section 28-3862(o) of the District of Columbia Official Code is amended to read as follows:

"(o)(1) Except as provided in paragraph (2) of this subsection, a credit reporting agency shall not charge a consumer for a security freeze service.

"(2) If the consumer fails to retain the original personal identification number or password provided by the agency, the consumer may not be charged for a one-time reissue of the same or a new personal identification number or password, but may be charged an amount not to exceed $10 for subsequent instances of loss and reissuance of a new personal identification number or password.".

Sec. 3. Fiscal impact statement.

The Council adopts the fiscal impact statement of the Budget Officer as the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).

Sec. 4. Effective date.

This act shall take effect following approval by the Mayor (or in the event of veto by the Mayor, action by the Council to override the veto), and shall remain in effect for no longer than 90 days, as provided for emergency acts of the Council of the District of Columbia in section 412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 788; D.C. Official Code § 1-204.12(a)).