LegalFix
Sign In

§ 54-15-15 Certain entities not required to place security freeze .

SD Codified L § 54-15-15 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

54-15-15. Certain entities not required to place security freeze. The following entities are not required to place a security freeze in a consumer credit report pursuant to this chapter:

(1) A check services or fraud prevention services company, which 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; and

(2) A deposit account information service company, which issues reports regarding account closures due to fraud, substantial overdrafts, ATM abuse, or similar negative information regarding a 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.Source: SL 2006, ch 246, § 15.

Previous Section
§ 54-15-14 Resellers of credit information not required to place security freeze.
Next Section
§ 54-15-16 Furnishing of information to governmental agency when security freeze in place.