New law puts Utahns in control of their credit

Inside Utah Politics

SALT LAKE CITY, Utah (News4Utah) – A  2017 national identity fraud study found that more than 15 million Americans were the victims of identity theft in 2016. Now a new law is allowing Utahns to take the fight against identity theft into their own hands. 

Representative Jim Dunnigan, who sponsored House Bill 45, Consumer Reporting Agency Fees,  stops by Inside Utah Politics to discuss his bill and how it works. 

“The current law in Utah says you can freeze your credit so people cant get in and fraudulently compromise your credit. But, you have to pay $10 to freeze it and then if you want to thaw it you have to pay another $10 and there are three credit bureaus. So three times ten that’s $30 bucks to freeze and $30 to thaw and it can take a couple of weeks or more to do that,” said Dunnigan. 

The bureaus are also working on ways to make the process more efficient. 

“The credit bureaus are now coming out with an app, and one of them has an app already and the others are working on it. And, with the app you can set it up and establish a password or a pin and you can go on and they have to freeze your credit within 15 minutes, which is wonderful, and if you want to buy something you thaw it and they have to thaw it within 15 minutes and there’s no fees,” Dunnigan said. 

The new law takes effect May 8, 2018.

Dunnigan also talks about his bill that creates new fireworks restrictions in the state of Utah, and a bill which helps to cover claims for bankrupt insurers.  

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