This bill amends the Code of West Virginia to enhance consumer protection by prohibiting credit service organizations from selling consumer information to third-party financing entities. Specifically, it introduces a new provision that explicitly forbids these organizations from selling consumer information or providing consumer reports related to credit transactions that are not initiated by the consumer, particularly when such reports are based on inquiries linked to residential mortgage loans.

In addition to this new prohibition, the bill retains existing regulations that govern the conduct of credit service organizations, including restrictions on charging fees before services are completed, making false representations, and engaging in deceptive practices. The overall aim of the bill is to safeguard consumer information and ensure that credit service organizations operate transparently and ethically in their dealings with consumers and third parties.

Statutes affected:
Introduced Version: 46A-6C-3