Amends the Deferred Presentment Service Transactions Act to revise the process for selecting a database provider and handling transactions.
The bill amends the Deferred Presentment Service Transactions Act to revise the process for selecting a database provider. The commissioner must consider the cost of service and the provider's ability to meet requirements, including preventing fraud and abuse. The commissioner must also ensure the provider complies with the Identity Theft Protection Act and the Social Security Number Privacy Act. The bill mandates that the database provider automatically close transactions under certain conditions and requires the provider to delete data after a specified period.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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