Credit bureaus would face limits on selling mortgage "trigger leads" to other lenders
Signed into lawH.R. 2808Latest action
Sponsor: John W. Rose · Representative · TN
AIDecoded by AI · checked against the recordRead the official text
Official title: Homebuyers Privacy Protection Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Credit bureaus generally could not pass your report to other companies after a home loan credit check, with exceptions, starting 180 days after the bill is signed.
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What does this do?
After someone requests your credit report for a home loan application, the credit bureau generally could not pass your report to other companies based on that request. Exceptions apply if the other company is making a firm offer of credit or insurance and has your permission, already made or services your current mortgage, or is a bank or credit union where you already have an account. The law would take effect 180 days after being signed and would direct the , a federal watchdog agency, to study the value of trigger leads sent by text message.
Who does it affect?
The bill mainly affects people applying for a home loan, who may see fewer unsolicited offers. It also affects credit bureaus, which would have to follow the new limits, and mortgage lenders that rely on these lead lists to find customers.
Why does it matter?
People applying for a mortgage may get fewer calls, texts, and emails from lenders they have no relationship with. Lenders with an existing relationship with you, such as your current mortgage company or bank, could still reach out under the exceptions.
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Based on the “Enrolled Bill” text.
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This is law.
Where does it stand?
- IntroducedApr 10, 2025
- House committee
- House vote
- Senate
- The president's desk
Right now: the president signed it. It's law.Now law
Latest action: — Became Public Law No: 119-36.