Section 24-5-24-11 - "Energy utility"; "specialized credit reporting tool"; persons excluded from security freeze requirements(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:(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:(B) substantial overdrafts;(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.As added by P.L. 104-2007, SEC.1.