Finance
Consumer Credit Reporting Agencies Act: escrow agent rating services and escrow agents
California permanently keeps consumer-reporting protections for escrow agents and escrow agent rating services.
The law removes the January 1, 2027 sunset date, preserving privacy safeguards and consumer-credit-reporting remedies for escrow agents.
What the law does
- Extends indefinitely the Consumer Credit Reporting Agencies Act provisions covering escrow agent rating services and escrow agents.
- Continues requiring escrow agent rating services to safeguard personally identifiable information obtained from escrow agents.
- Continues treating escrow agents as consumers under those provisions.
Who it affects
- Escrow agent rating services.
- Escrow agents.