Homebuyers Privacy Protection Act
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Topic: Finance and Financial Sector
Sponsor: Rep. Rose, John W. [R-TN-6] (R) - TN
Summary
This bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions.
Specifically, the bill 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 the bill's enactment.
Legislative Subjects
Consumer credit; Finance and Financial Sector; Financial services and investments; Housing finance and home ownership; Real estate business; Right of privacy
Latest Action
Became Public Law No: 119-36.
2025-09-05
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