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Homebuyers Privacy Act: Stopping Credit Bureaus from Selling Mortgage Data

This law protects individuals applying for residential mortgage loans from unsolicited marketing. It prohibits credit reporting agencies from sharing a consumer's information with other entities immediately after a mortgage application, unless specific conditions are met, such as the consumer's explicit authorization or an existing relationship. This change aims to stop the practice of "trigger leads," where competitors instantly receive data about a new mortgage inquiry.
Key points
Credit bureaus are restricted from selling your mortgage application inquiry data to unrelated third parties.
This significantly reduces the number of unwanted calls and offers from competing lenders immediately after you apply for a home loan.
Information can still be shared if the recipient has your direct authorization or is already servicing your current mortgage or holds your bank account.
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Became Law
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Additional Information
Print number: 119_HR_2808
Sponsor: Rep. Rose, John W. [R-TN-6]
Process start date: 2025-04-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Homebuyers Privacy Protection Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2808.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-10.

What are the main provisions?

Key points include:

  • Credit bureaus are restricted from selling your mortgage application inquiry data to unrelated third parties.
  • This significantly reduces the number of unwanted calls and offers from competing lenders immediately after you apply for a home loan.
  • Information can still be shared if the recipient has your direct authorization or is already servicing your current mortgage or holds your bank account.
What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Rose, John W. [R-TN-6].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 119-36.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Real Estate Economy