HB 2619 Summary

• Prohibits business entities and consumer reporting agencies from selling or exchanging information about credit inquiries from consumer mortgage loan applications to third parties when triggered by an application for credit.

• Exempts sales of information when the third party already holds an existing mortgage loan on the property.

• Allows information sharing between mortgage originators or servicers and third parties providing services related to loan origination, servicing, securitization, and secondary market sales including servicing rights.

• Permits sharing of information for transactions similar to those loan-related activities.