If you've ever applied for a mortgage and suddenly started getting bombarded with calls and mailers from other lenders, this bill targets that problem. When you apply for a home loan, your credit report gets pulled — and right now, credit bureaus can share that trigger information with other companies who then flood you with competing offers. This bill restricts credit bureaus from sharing your information with third parties after a mortgage-related credit pull unless those parties are your current lender, your loan servicer, your bank or credit union, or have your explicit authorization.
Congressional Summary
Homebuyers Privacy Protection ActThis bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions. Specifically, the bill 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 the bill's enactment.
Details
- Congress
- 119th
- Chamber
- Status
- summarized
- Action
- Action Date
- Date Added
- 2026-04-02