This bill amends the Code of West Virginia to prohibit credit service organizations from selling consumer information to third-party financing entities. Specifically, it adds a new provision that explicitly forbids these organizations from selling consumer information or providing a consumer report related to a credit transaction that was not initiated by the consumer, particularly if the report is based on an inquiry linked to a residential mortgage loan.

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 enhance consumer protection by ensuring that sensitive consumer information is not misused or sold without consent.

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