Texas Amends Its Breach Notification Law - Privacy mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
Keypoint: The Texas legislature has determined that companies who experience a data breach affecting Texas residents need to have their names in lights but not in a good way.
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On May 31, 2021, the Texas Legislature approved House Bill 3746,
which seeks to amend the Texas Business and Commerce Code §
521.053 relating to certain notifications required following a
breach of security of computerized data. Notably, the bill directs
the Texas attorney general to post on its website a public listing
of received data security breach notifications (for any breach
involving at least 250 Texas residents) and then update the listing
on a monthly basis.
After one year, the attorney general would remove the posted
notification if the person who provided the notification has not
Texas State Legislators Looks To Protect Reverse Mortgage Borrowers
Navi Persaud
Jun 02, 2021
A Texas House Bill has been introduced to prevent false, misleading or deceptive advertising by reverse mortgage lenders.
Regulation and compliance is a growing concern for companies throughout the mortgage industry. For the reverse mortgage industry, lenders are under the microscope for false, misleading or deceptive advertising. The Texas House Bill 1129 is looking to protect reverse mortgage borrowers against the aforementioned dangers.
“It basically aims to define the parameters of what qualifies as deceptive advertising, while also listing that a piece of material found to be in violation of the proposed law would constitute a violation of Texas’ Business & Commerce Code as a deceptive trade practice,” according to a report from Reverse Mortgage Daily.