Bill · S. 1467· Senate(119-S-1467)

Homebuyers Privacy Protection Act

Age: 77 years

Rhode Island

Introduced: 4/10/2025
Last activity: 6/17/2025 — Held at the desk.
Sponsored by: John Reed
Cosponsors: - 24 - 20

Finance and Financial Sector

Introduced
Passed Senate
Awaiting House

What this bill would do

The Homebuyers Privacy Protection Act amends the Fair Credit Reporting Act. It limits when consumer reporting agencies can share consumer reports with other people after a request is made for a residential mortgage loan credit transaction. Reports can only be shared if the transaction is a firm offer of credit or insurance and the receiver meets specific criteria. These criteria include having consumer authorization or an existing professional relationship with the consumer.

Yes· 3 of 10

Does this protect people from being watched or searched?+8
The bill directly increases individual privacy rights regarding credit information during mortgage transactions.
Does this give people more control over their personal data?+7
The bill enhances data privacy by restricting how credit reporting agencies share sensitive consumer reports.
Does this give people more protection from unfair business practices?+5
The bill protects consumers by limiting the unauthorized sharing of their credit reports during the mortgage process.