New Mexico: Governor Signs Consumer Credit Report Security Freeze Bill

On March 30, Gov. Bill Richardson signed SB 165, the consumer credit report security freeze bill, into law. The law goes into effect on Jan. 1, 2008.

According to NAMIC's Western State Affairs Manager Christian J. Rataj, the new law provides consumers with a reasonable and practical mechanism to restrict access to their consumer credit reports, without creating an unnecessary delay for insurers to access an applicant's credit report for purposes of providing the consumer with a timely insurance rate.

Direct questions to NAMIC State Affairs Manager Christian J. Rataj.

Posted: Tuesday, April 10, 2007 12:00:00 AM. Modified: Tuesday, April 24, 2007 9:12:27 AM.

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We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.