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Consumer bill would bar unsolicited 'live' checks that can create automatic obligations; advocates cite senior-targeting and identity-theft risks
Summary
SB 582 would prohibit mailed negotiable 'live' checks that automatically create purchase or loan obligations when deposited; sponsors and consumer advocates said the mailings confuse seniors and can enable identity theft, while lenders asked for targeted exemptions for regulated convenience checks.
Rachel Allman, legislative director for Senator J.B. Jennings, presented SB 582 as a consumer-protection measure to stop mailed negotiable instruments that can create binding obligations when deposited. She described constituent examples and said the bill "prevents the mailing of live checks or negotiable instruments that automatically create a purchase or loan obligation when deposited," preserving non-binding solicitations and establishing enforcement tools.
Allman read a constituent example: a…
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