IC 24-5-24-11: "Energy utility"; "specialized credit reporting tool"; persons excluded from security freeze requirements

Sec. 11. (a) As used in this section, "energy utility" has the meaning set forth in IC 8-1-2.5-2.

(b) As used in this section, "specialized credit reporting tool" means a scoring model that:

(1) is available only to an energy utility; and

(2) is used by the energy utility to validate a consumer's identity and creditworthiness.

(c) The following persons are not required to place a security freeze on a consumer's consumer report:

(1) A consumer reporting agency that acts only as a reseller (as defined in 15 U.S.C. 1681a(u)) of information. However, a consumer reporting agency must honor any security freeze placed on a consumer's consumer report by another consumer reporting agency.

(2) A:

(A) check services; or

(B) fraud prevention services;

company that reports on incidents of fraud or issues authorizations for the purpose of approving or processing negotiable instruments, electronic fund transfers, or similar methods of payment.

(3) A deposit account information service company that issues reports concerning account closures due to:

(A) fraud;

(B) substantial overdrafts;

(C) ATM abuse; or

(D) similar negative information concerning a consumer;

to inquiring financial institutions for use only in reviewing a consumer's request for a deposit account at the inquiring financial institution.

(4) A consumer reporting agency that furnishes specialized credit reporting tools to an energy utility.