Texas HB5434 mandates consumer reporting agencies to notify consumers when inaccurate information in their files is corrected.

Texas HB5434 amends the Business & Commerce Code to require consumer reporting agencies to ensure that previously reported inaccurate information in a consumer's file is corrected promptly. If a consumer provides an email address, the agency must email the consumer a link to securely obtain a corrected copy of their credit report within 30 business days of the correction. The change applies to corrections submitted after the Act's effective date of September 1, 2025.

Texas HB5434 mandates consumer reporting agencies to notify consumers when inaccurate information in their files is corrected.

Texas HB5434 amends the Business & Commerce Code to require consumer reporting agencies to ensure that previously reported inaccurate information in a consumer's file is corrected promptly. If a consumer provides an email address, the agency must email the consumer a link to securely obtain a corrected copy of their credit report within 30 business days of the correction. The change applies to corrections submitted after the Act's effective date of September 1, 2025.