§1313-E.__Persons not required to place security freeze

The following persons are not required to place on a consumer report a security freeze pursuant to section 1313-C, except that any person that is not required to place a security freeze on a consumer report under the provisions of section 1313-C is subject to a security freeze placed on a consumer report by another consumer reporting agency from which it obtains information:

1.__Check services or fraud prevention services company.__A check services or fraud prevention services company that 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.__Deposit account information service company.__A deposit account information service company that issues reports regarding account closures due to fraud, overdrafts, automated teller machine abuse or similar negative information regarding a consumer to inquiring financial institutions for use only in reviewing that consumer's request for a deposit account at the inquiring financial institution; and

3.__Consumer reporting agency.__A consumer reporting agency that:

A.__Acts only to resell credit information by assembling and merging information contained in a database of one or more consumer reporting agencies; and

B.__Does not maintain a permanent database of credit information from which new consumer reports are produced.

Sec. 4. Effective date. This Act takes effect February 1, 2006.