Colorado § 5-18-115 - Security freeze - exemptions.
Full text of Colorado Colorado Revised Statutes § 5-18-115 — Security freeze - exemptions., with citation guidance and answers to common questions.
§ 5-18-115. Security freeze - exemptions.
(1) (a) Except as specified in subsection (1)(b) of this section, sections 5-18-112 to 5-18-114 do not apply to a consumer reporting agency that:
(I) Acts only as a reseller of credit information by assembling and merging information contained in the database of another consumer reporting agency or multiple consumer reporting agencies; and
(II) Does not maintain a permanent database of credit information from which new consumer reports or records are produced.
(b) A consumer reporting agency shall honor any security freeze placed on a consumer report or record by another consumer reporting agency.
(2) The following entities are not required to place a security freeze in a consumer report or record:
(a) A check service or company or fraud prevention service or company that issues reports on incidents of fraud or authorizations for the purpose of approving or processing negotiable instruments, electronic funds transfers, or similar methods of payments;
(b) A deposit account information service or company that issues reports regarding account closures due to fraud, substantial overdrafts, or automatic teller machine abuse or similar negative information regarding a consumer or protected consumer to inquiring banks or other financial institutions for use only in reviewing a consumer request for a deposit account at the inquiring bank or financial institution;
(c) A fraud prevention service or company issuing reports to prevent or investigate fraud.
Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1129, § 3, effective August 9. L. 2018: (1), IP(2), and (2)(b) amended, (HB 18-1233), ch. 75, p. 655, § 5, effective January 1, 2019.
Editor's note: This section is similar to former § 12-14.3-106.9 as it existed prior to 2017.
Frequently Asked Questions About Colorado § 5-18-115
What does Colorado Revised Statutes § 5-18-115 cover?
Section 5-18-115 ("Security freeze - exemptions.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 5-18-115?
A common citation format is "Colorado Revised Statutes § 5-18-115" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 5-18-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.