Authorizes parent or guardian to place security freeze on child's consumer report.

This New Jersey bill (S 2479) allows parents or legal guardians to place a security freeze on a child's credit report. It directly affects minors under 18 (defined as "protected consumers") by giving their parents/guardians control over their credit information. The key provision requires credit reporting agencies to place a freeze within 5 business days of a written request from a parent/guardian, with agencies creating a new record for the child if none exists. The freeze prevents the agency from sharing the child's credit report without the parent/guardian's permission, though it doesn't stop the agency from notifying third parties that a freeze is active.