MS HB934

Prohibits consumer reporting agencies from redisclosing consumer reports requested for residential mortgage loan credit transactions to third parties unless the third party has consumer authorization or qualifies as the loan originator, loan servicer, or a depository institution/credit union holding an account for the consumer.

Restricts redisclosure of consumer reports for real estate-secured credit extensions to third parties unless they have consumer consent or maintain a current credit, servicing, or financial services relationship with the consumer.

Brings forward Section 75-24-215 regarding security freezes on consumer credit reports and allows third parties to treat applications as incomplete if consumers do not lift freezes upon request.

Brings forward Section 81-18-9 detailing mortgage broker and lender licensure requirements in Mississippi, including background checks, surety bonds, and qualifying individual requirements.

Brings forward Section 93-11-69 authorizing the Department of Human Services to report overdue child and spousal support to consumer reporting agencies with notice and dispute procedures for absent parents.

Effective date: July 1, 2024.