New Jersey S1305 mandates reporting agencies to annually report to the Division of Consumer Affairs the number of free consumer reports they provided.
New Jersey S1305 requires every reporting agency that compiles and maintains files on consumers on a nationwide basis to report to the Division of Consumer Affairs by March 1st each year the number of free consumer reports furnished to New Jersey resident consumers in the preceding calendar year. The report must detail the number of consumers who received one or two free reports. Failure to comply with this requirement subjects the reporting agency to a penalty of $10,000. This bill aims to ensure transparency and accountability in the provision of consumer reports.
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