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AZ HB2579

Bill

Status

Introduced

2/7/2011

Primary Sponsor

Edward Ableser

Click for details

Origin

House of Representatives

Fiftieth Legislature - First Regular Session (2011)

AI Summary

  • Prohibits business entities, including consumer reporting agencies, from selling or exchanging information about credit inquiries arising from consumer mortgage loan applications to third parties.

  • Exempts sales or exchanges to third parties that already hold an existing mortgage loan on the property.

  • Exempts information provided by mortgage originators or servicers to third parties providing services related to loan origination, servicing, securitization, secondary market sales, or similar mortgage-related transactions.

Legislative Description

Consumer reporting agencies; information sales

Last Action

Referred to House BI Committee

2/8/2011

Full Bill Text

No bill text available