&nbsp; <font style="font-size:10.0pt;font-family:Arial"><strong>Legislative Session</strong>: 80(R)</font><br/><br/>

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  <p class=MsoNormal style='line-height:normal'><b>House Bill 2002</b></p>
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  <p class=MsoNormal style='line-height:normal'><b>House Author:</b>  Giddings
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  <p class=MsoNormal style='line-height:normal'><b>Effective:</b>  9-1-07</p>
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  <p class=MsoNormal style='line-height:normal'><b>Senate Sponsor:</b>  Fraser</p>
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<p class=MsoNormal style='line-height:normal'><span style='font-size:10.0pt;
font-family:Arial'>            <a name=start></a>House Bill 2002 amends the
Business &amp; Commerce Code to require the Finance Commission of Texas to
adopt rules for the registration of check verification entities and the
establishment of an electronic notification system for notification of such
entities by financial institutions.  The bill requires a financial institution,
upon notification by a customer who is a victim of identify theft, requests
that an account be closed, and presents certain documentation relating to the
offense, including written authorization for the submission of information to
the electronic notification system, to submit that information to the
electronic notification system within two business days of receiving the
documentation.  The information must include the customer's identifying
information, the account number of any account that has been compromised, the
financial institution routing number, and the number on any check that has been
lost, stolen, or compromised.  The bill requires a check verification entity to
maintain reasonable procedures to prevent the acceptance or approval of a check
from an account that has been identified in a notification received through the
electronic notification system or a customer. </span></p>

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