Equifax Canada Set to Release Freeze Designator Code in Q4 2022
Tags : Credit Reporting
The new code is in response to the October 2020 passage of Quebec Bill 53 - Credit Assessment Agents Act.
As a measure to support fraud prevention, Quebec's Bill 53 affords Canadian consumers in Quebec the ability to freeze credit files. The capability to freeze files will need to be developed as the functionality does not currently exist in Canada.
In response to both the bill and development of credit freezing capabilities for consumers, Equifax® Canada is implementing a new freeze designator code that will be generated if a consumer has placed a freeze on their credit file. Equifax® Canada expects that this code functionality will be released across Canada in October, 2022.
In order to accommodate the new code designation, customers accessing Equifax services via an integrated system connection may need to modify existing applications. Details regarding this change, the consumer credit freeze and current use exemptions to the bill can be located here.
Posted: November 1, 2021
All Rights Reserved © 2021 Certiphi Screening, Inc.
This document and/or presentation is provided as a service to our customers. Its contents are designed solely for informational purposes, and should not be inferred or understood as legal advice or binding case law, nor shared with any third parties. Persons in need of legal assistance should seek the advice of competent legal counsel. Although care has been taken in preparation of these materials, we cannot guarantee the accuracy, currency or completeness of the information contained within it. Anyone using this information does so at his or her own risk.
What Our Clients Are Saying
Everyone I have contacted at Certiphi has been a complete pleasure to work with. The Certiphi customer service rivals every other customer service I come in contact with. Everyone is always so professional, yet super nice! Thanks for all you do and keep up the amazing work and impeccable service that you provide!!!
Thank you so much! You have such an incredible reputation within our office; I think we would all say your customer service levels are continually at about 125%!
The response time has been very quick. The turnaround times are great. I love your systems and that I can go in and look at the process as its going.
It’s such a great customer service that you provide and I’m happy to tell that to anyone.
Working with Certiphi has been such a pleasure. Certiphi has taught me so much, not just about backgrounds but also the meaning of great business.
We flew through our NCQA licensure review. We very much appreciate Certiphi's help in earning a 100% score for the files!