Bill · H.R. 2808· House(119-HR-2808)

Homebuyers Privacy Protection Act

Age: 61 years

Tennessee

Introduced: 4/10/2025
Last activity: 9/5/2025 — Became Public Law No: 119-36.
Sponsored by: John Rose
Cosponsors: - 55 - 33

Finance and Financial Sector

Introduced
Passed House
Passed Senate
To President
Became Law

This bill was adopted into law.

What this bill would do

This bill, titled the ``Homebuyers Privacy Protection Act'', aims to amend the Fair Credit Reporting Act. It seeks to prevent consumer reporting agencies from sharing consumer reports with others after a person requests a report for a residential mortgage loan. To share a report under these circumstances, the transaction must be a firm offer of credit or insurance, and the recipient must meet specific criteria like having consumer authorization or managing a current loan or account for that consumer. The Act also mandates a study by the Comptroller General regarding the value of trigger leads received via text message. This study should include input from various financial and regulatory entities.

Yes

Does this give people more control over their personal data?+7
The bill strengthens data privacy by preventing the sharing of credit reports after a mortgage request.
Does this protect people from being watched or searched?+7
The bill provides significant protection for individual privacy regarding sensitive financial information.
Does this give people more protection from unfair business practices?+6
The bill enhances consumer protection by restricting the sharing of sensitive credit information used for mortgage requests.