Sec. 45.48.170. - Notice of rights. - Alaska Statutes

When a consumer credit reporting agency is required to give a consumer a summary of rights under 15 U.S.C. 1681g (Fair Credit Reporting Act), a consumer credit reporting agency shall also give the consumer the following notice:

Consumers Have the Right to Obtain a Security Freeze

You may obtain a security freeze on your credit report and credit

score for $5 to protect your privacy and ensure that credit is not

granted in your name without your knowledge. You may not have to pay

the $5 charge if you are a victim of identity theft. You have a right

to place a security freeze on your credit report and credit score under

state law (AS 45.48.100 - 45.48.290).

The security freeze will prohibit a consumer credit reporting

agency from releasing your credit score and any information in your

credit report without your express authorization or approval.

The security freeze is designed to prevent credit, loans, and other

services from being approved in your name without your consent.

However, you should be aware that using a security freeze to take

control over who gets access to the personal and financial information

in your credit report and credit score may delay, interfere with, or

prohibit the timely approval of any subsequent request or application

you make regarding a new loan, credit, a mortgage, a governmental

service, a governmental payment, a cellular telephone, a utility, an

Internet credit card application, an extension of credit at point of

sale, and other items and services.

When you place a security freeze on your credit report and credit

score, within 10 business days, you will be provided a personal

identification number, password, or similar device to use if you choose

to remove the freeze on your credit report and credit score or to

temporarily authorize the release of your credit report and credit

score to a specific third party or specific third parties or for a

specific period of time after the freeze is in place. To provide that

authorization, you must contact the consumer credit reporting agency

and provide all of the following:

(1) proper identification to verify your identity;

(2) the personal identification number, password, or similar

device provided by the consumer credit reporting agency;

(3) proper information necessary to identify the third party or

third parties who are authorized to receive the credit report and

credit score or the specific period of time for which the credit

report and credit score are to be available to third parties.

A consumer credit reporting agency that receives your request to

temporarily lift a freeze on a credit report and credit score is

required to comply with the request within 15 minutes, except after

normal business hours and under certain other conditions, after

receiving your request if you make the request by telephone, or an

electronic method if the agency provides an electronic method, or

within three business days after receiving your request if you make

the request by mail. The consumer credit reporting agency may charge

you $2 to temporarily lift the freeze.

A security freeze does not apply to circumstances where you have an

existing account relationship and a copy of your credit report and

credit score are requested by your existing creditor or its agents or

affiliates for certain types of account review, collection, fraud

control, or similar activities.

If you are actively seeking credit, you should understand that the

procedures involved in lifting a security freeze may slow your own

applications for credit. You should plan ahead and lift a freeze,

either completely if you are shopping around, or specifically for a

certain creditor, days before applying for new credit.

You have a right to bring a civil action against someone who

violates your rights under these laws on security freezes. The action

can be brought against a consumer credit reporting agency.