This bill became law on 2025-09-05 as Public Law No. 119-36.
The summary below describes the bill at the version we last reviewed; the enacted text may differ.
YourVoice.Now Summary
Civil LibertiesCorporate BenefitsTransparency & AccountabilityWhen you apply for a mortgage, credit bureaus can no longer sell your name to most rival lenders.
Civil Liberties
Your lender checks your credit when you apply. Bureaus used to sell that news to firms you never called. Now they can do so only if you said yes, or the firm already handles your loan or bank account.
Corporate Benefits
The new limit does not cover every firm. Your own mortgage lender can still be sent your report. So can the firm that collects your payments, and any bank or credit union that holds your account.
Transparency & Accountability
A government watchdog must study these text-message offers. It has to ask if they hold real value for buyers. It must gather views from lenders, banks, bureaus, and buyers, then report back to Congress.
More about this bill
If you apply for a mortgage, your lender checks your credit. Credit bureaus used to sell your information to other lenders after that check. Those firms would call, text, or mail you with rival loan offers you never asked for. That practice is now blocked in most cases. Since early March 2026, a bureau may only pass your mortgage credit check to another company in limited cases. The company must show it has your permission. Or it must already be your mortgage lender, your loan servicer, or a bank or credit union where you hold an account. Any offer must also be a firm offer of credit or insurance. Congress also ordered a government watchdog to study these text-message offers. Its report to Congress is due by September 2026.
Congressional Summary
Homebuyers Privacy Protection Act This act limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions. Specifically, the act prohibits a credit reporting agency from providing a consumer's credit report to a third party in connection with a residential mortgage transaction unless the transaction consists of a firm offer of credit or insurance and (1) the third party provides documentation certifying that it has the consumer's consent; or (2) the third party has originated a mortgage on behalf of the consumer, is a current mortgage loan servicer to the consumer, or has a current specified banking relationship with the consumer. These provisions take effect 180 days after enactment. The Government Accountability Office must study and report on the value of trigger leads (a marketing tactic facilitated by credit reporting agencies that may result in unsolicited credit offers to a consumer after a consumer applies for a separate type of credit) received by text message.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Public Law
- Action Date
- 2025-09-05
- Date Added
- 2026-06-24
- Source
- Congress.gov →
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