This bill amends current law to limit the re-disclosure of consumer reports requested in connection with a credit transaction involving real estate. Under the bill, if a person requests a consumer report in connection with a real estate transaction, the consumer reporting agency cannot release the report to a third party unless the consumer has a relationship with the third party or has consented to the release. This provision aims to protect consumers' personal information and ensure that it is not shared without their knowledge or consent.

The bill adds a new paragraph to RSA 359-B:4, which outlines the permissible purposes of consumer reports and the limitations on their release to third parties. The new paragraph, labeled as paragraph IV, specifically addresses consumer reports requested in connection with a credit transaction secured by real estate. It states that a consumer reporting agency cannot furnish a report to a third party solely based on the request unless the third party has submitted documentation certifying that they have the consumer's consent or have a current relationship with the consumer relating to credit, servicing, or other financial services. The bill is set to take effect on January 1, 2025.

Statutes affected:
Introduced: 359-B:4