Colorado Enacts Security Freeze Law

Colorado has enacted a security freeze law.

The law allows consumers to place a security freeze on their consumer report whether or not they have been the victim of identity theft. Agencies must place the freeze within five days of receiving the request. Agencies may not charge a fee to the consumer for a first request.

The rest of the language is fairly standard.

There are exceptions for entities that "own a financial obligation owing by the consumer . . . ." and insurance underwriting.

See Senate Bill 05-137.