Bill would curb mortgage "trigger leads" that flood homebuyers with sales calls
Passed one chamberS. 1467Latest action
Sponsor: Jack Reed · Senator · RI
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
The plain-language version comes first. The official text is always the reference.
The bill would stop credit agencies from selling mortgage applicants' data widely, cutting unwanted loan solicitations.
40-second read · 4 questions answered below
What does this do?
This bill would limit credit reporting agencies from sharing a mortgage applicant's credit information with other companies, a practice that currently triggers unsolicited loan offers. Sharing would only be allowed if the consumer gave permission, or if the company already has a relationship with them, such as their current lender, servicer, or bank. Any resulting offer must be a genuine firm offer of credit or insurance, not just marketing.
Who does it affect?
Homebuyers applying for mortgages would see fewer solicitation calls, texts, and mail; mortgage lenders, banks, credit unions, and credit reporting agencies like Equifax, Experian, and TransUnion would need to change data-sharing practices.
Why does it matter?
The change would restrict how credit agencies and lenders use mortgage inquiry data, requiring new compliance processes, with rules taking effect 180 days after enactment.
AI-drafted summary. Check it against the official text before you act on it.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedApr 10, 2025
- Senate committee
- Senate vote
- HouseYou are here · Jun 17, 2025
- The president's desk
Right now: it passed the Senate, and the official record shows nothing new since. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Held at the desk.