Relating to limitations on the information reported by consumer reporting agencies.

HB 5433 would require Texas credit bureaus to remove certain negative information from consumer credit reports after specific time limits. The bill sets a 10-year limit for bankruptcy information and a 7-year limit for most other items, including lawsuits, judgments, tax liens, criminal convictions, and medical collections related to out-of-network care. Medical collections would be excluded only if the consumer had health insurance at the time and the account is older than 7 years. This bill directly affects consumers' credit reports and the reporting practices of credit bureaus like Equifax or TransUnion.