Sec. 11. (a) As used in this section, “energy utility” has the meaning set forth in IC 8-1-2.5-2.

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Terms Used In Indiana Code 24-5-24-11

  • consumer: means an individual:

    Indiana Code 24-5-24-1

  • consumer report: means any written, oral, or other communication of any information that:

    Indiana Code 24-5-24-2

  • consumer reporting agency: means any person that, for monetary fees or dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating information concerning a consumer's credit or other information for the purpose of furnishing a consumer report to another person. See Indiana Code 24-5-24-3
  • Fraud: Intentional deception resulting in injury to another.
  • security freeze: means a designation placed on a consumer's consumer report:

    Indiana Code 24-5-24-4

     (b) As used in this section, “specialized credit reporting tool” means a scoring model that:

(1) is available only to an energy utility; and

(2) is used by the energy utility to validate a consumer‘s identity and creditworthiness.

     (c) The following persons are not required to place a security freeze on a consumer’s consumer report:

(1) A consumer reporting agency that acts only as a reseller (as defined in 15 U.S.C. § 1681a(u)) of information. However, a consumer reporting agency must honor any security freeze placed on a consumer’s consumer report by another consumer reporting agency.

(2) A:

(A) check services; or

(B) 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.

(3) A deposit account information service company that issues reports concerning account closures due to:

(A) fraud;

(B) substantial overdrafts;

(C) ATM abuse; or

(D) similar negative information concerning a consumer;

to inquiring financial institutions for use only in reviewing a consumer’s request for a deposit account at the inquiring financial institution.

(4) A consumer reporting agency that furnishes specialized credit reporting tools to an energy utility.

As added by P.L.104-2007, SEC.1.

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