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119th Congress

H.R. 2808

Homebuyers Privacy Protection Act

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor
John W. Rose(R-TN)
Introduced
Apr 10, 2025
Policy area
Finance and Financial Sector
Committees
House Committee on Financial Services
Official text
Placed on Calendar Senate · Congress.gov page

Cosponsors (89)

Original cosponsors (27)
Added later (62)

Summary

Summary by the Congressional Research Service· describes the “Public Law” version

Homebuyers Privacy Protection Act This act limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions. Specifically, the act prohibits a credit reporting agency from providing a consumer's credit report to a third party in connection with a residential mortgage transaction unless the transaction consists of a firm offer of credit or insurance and (1) the third party provides documentation certifying that it has the consumer's consent; or (2) the third party has originated a mortgage on behalf of the consumer, is a current mortgage loan servicer to the consumer, or has a current specified banking relationship with the consumer. These provisions take effect 180 days after enactment. The Government Accountability Office must study and report on the value of trigger leads (a marketing tactic facilitated by credit reporting agencies that may result in unsolicited credit offers to a consumer after a consumer applies for a separate type of credit) received by text message.

Roll-call votes

No recorded votes on this bill.

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