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US HB2808
Bill
Status
Passed
9/5/2025
Primary Sponsor
John Rose
Click for details
AI Summary
- Amends the Fair Credit Reporting Act to restrict consumer reporting agencies from sharing "trigger leads" when a consumer applies for a residential mortgage loan
- Consumer reports from mortgage applications can only be furnished to third parties if the third party has the consumer's authorization, originated or services the consumer's current mortgage, or is a bank/credit union where the consumer holds an account
- Takes effect 180 days after enactment
- Requires the Government Accountability Office to study the value of trigger leads received by text message, with input from state regulators, lenders, depository institutions, consumer reporting agencies, and consumers
- GAO must submit findings to Congress within 12 months of enactment
Legislative Description
Homebuyers Privacy Protection Act
Finance and financial sector
Last Action
Became Public Law No: 119-36.
9/5/2025
Committee Referrals
Financial Services4/10/2025
Full Bill Text
No bill text available