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Senate Bill 5863 — Credit Reporting on Delinquent Accounts Designated in a Divorce (Washington, 2024)

Summary

Senate Bill 5863 of the State of Washington, 68th Legislature, 2024 Regular Session, by Senators including Fortunato, Dozier and Padden. It was prefiled 12/18/23, read first time 01/08/24 and referred to the Committee on Business, Financial Services, Gaming & Trade. The act relates to prohibiting credit reporting on delinquent accounts that are designated to a person in a divorce and amends RCW 19.182.040. The text lists items of information that a consumer reporting agency may not include in a consumer report, including accounts that are in the name of a person and the financial responsibility of a different person as determined by a dissolution proceeding authorized under chapter 26.09 RCW.

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“Senate Bill 5863 — Credit Reporting on Delinquent Accounts Designated in a Divorce (Washington, 2024).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-01-23-a31727-bill-5863-2448756c17/, SHA-256 00d122aa3e8c076185018dbd4e43bc41397ab043b4358ffee866143499016107.

Full text

     S-3599.1

                               SENATE BILL 5863


     State of Washington       68th Legislature       2024 Regular Session

     By Senators Fortunato, Dozier, Padden, J. Wilson, and L. Wilson

     Prefiled 12/18/23. Read first time 01/08/24. Referred to Committee
     on Business, Financial Services, Gaming & Trade.




1        AN ACT Relating to prohibiting credit reporting on delinquent
2    accounts that are designated to a person in a divorce; and amending
3    RCW 19.182.040.


 4   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:


 5       Sec. 1.   RCW 19.182.040 and 2011 c 333 s 2 are each amended to
 6   read as follows:
 7       (1) Except as authorized under subsection (2) of this section, no
 8   consumer reporting agency may make a consumer report containing any
 9   of the following items of information:
10       (a) Bankruptcies that, from date of adjudication of the most
11   recent bankruptcy, antedate the report by more than ((ten)) 10 years;
12       (b) Suits and judgments that, from date of entry, antedate the
13   report by more than seven years or until the governing statute of
14   limitations has expired, whichever is the longer period;
15       (c) Paid tax liens that, from date of payment, antedate the
16   report by more than seven years;
17       (d) Accounts placed for collection or charged to profit and loss
18   that antedate the report by more than seven years;
19       (e) Records of arrest, indictment, or conviction of an adult for
20   a crime that, from date of disposition, release, or parole, antedate
21   the report by more than seven years;
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 1       (f) Juvenile records, as defined in RCW 13.50.010(1)(((c))) (d),
 2   when the subject of the records is ((twenty-one)) 21 years of age or
 3   older at the time of the report; ((and))
 4       (g) Any other adverse item of information that antedates the
 5   report by more than seven years; and
 6       (h) Individual or joint accounts that are in the name of a person
 7   and the financial responsibility of a different person as determined
 8   by a dissolution proceeding authorized under chapter 26.09 RCW and
 9   the account is in collections or has recorded late installment
10   payments subsequent to the dissolution proceeding.
11       (2) Subsection (1)(a) through (e) ((and)), (g), and (h) of this
12   section is not applicable in the case of a consumer report to be used
13   in connection with:
14       (a) A credit transaction involving, or that may reasonably be
15   expected to involve, a principal amount of ((fifty thousand dollars))
16   $50,000 or more;
17       (b) The underwriting of life insurance involving, or that may
18   reasonably be expected to involve, a face amount of ((fifty thousand
19   dollars)) $50,000 or more; or
20       (c) The employment of an individual at an annual salary that
21   equals, or that may reasonably be expected to equal, ((twenty
22   thousand dollars)) $20,000 or more.

                                  --- END ---




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