Texas Business & Commerce Code - Section 20.0385. Applicability Of Security Alert And Security Freeze
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§ 20.0385. APPLICABILITY OF SECURITY ALERT AND SECURITY
FREEZE. The requirement under this chapter to place a security
alert or security freeze on a consumer file does not apply to:
(1) a check service or fraud prevention service
company that issues consumer reports:
(A) to prevent or investigate fraud; or
(B) for purposes of approving or processing
negotiable instruments, electronic funds transfers, or similar
methods of payment; or
(2) a deposit account information service company that
issues consumer reports related to account closures caused by
fraud, substantial overdrafts, automated teller machine abuses, or
similar negative information regarding a consumer to an inquiring
financial institution for use by the financial institution only in
reviewing a consumer request for a deposit account with that
institution.
Added by Acts 2003, 78th Leg., ch. 1326, § 3, eff. Sept. 1, 2003.
Section: 20.032 20.033 20.034 20.035 20.036 20.037 20.038 20.0385 20.039 20.04 20.05 20.06 20.07 20.08 20.09
Last modified: August 10, 2007
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