#ConsumerProtectionOntario; #creditreportingagencies, #onlinecreditreports, #currentcreditscore, #TracyMacCharles, #ConsumerCreditReportsandElevatorAvailabilityAct
Ottawa, May 5 (Canadian-Media): Ontario has passed legislation to give consumers easier access to credit information and improve access to elevators, media reports said.
The new law will allow Ontario to become the first jurisdiction in the world to establish standards for elevator repair times and will give Ontario consumers the strongest rights in Canada over information held by consumer reporting agencies.
According to reports, Consumer Protection Ontario received from January 2015 to December 2017, approximately 2,000 complaints and inquiries about consumer reporting agencies.
"This new law will make life a little bit easier for people across the province. We heard from a lot of people during debate, and I want them all to know that we’re committed to continuing our work with them. I know we can count on them to continue to provide constructive feedback as regulations are developed," Tracy MacCharles, Ontario Minister of Government and Consumer Services
Tracy MacCharles. Image credit: Twitter handle
The Access to Consumer Credit Reports and Elevator Availability Act will reportedly requires credit reporting agencies give access to consumers to their online credit reports and current credit score free of charge at least two times per year.
by credit reporting agencies should include the credit score in a consumer report given to third parties in the past 12 months.
In the event of an identity theft, credit freeze at the request of a consumer, should be implemented by credit reporting agencies
The province is also reducing elevator outages and improving access to elevators through enhanced enforcement of maintenance requirements.
All of the 19 recommendations proposed in the independent study by the Honourable J. Douglas Cunningham would be addressed by Ontario’s elevator action plan.
According to official reports, there are about 20,000 elevators in approximately 10,000 residential and institutional buildings in Ontario, including long-term care and retirement homes.
Each day approximately 655,000 elevator trips are taken on these elevators.
Ontario would reportedly also publish information about elevator performance to help consumers make better decisions before they rent or buy any place in the high rise building.
Creation of new standards for new high-rises, would also be considered, to ensure enough availability of elevators to adequately serve residents.
Public and businesses would be consulted by Ontario in the development of these standards.