Homebuyers Privacy Protection Act

Bill: 119-hr-2808
Sponsor: full_name: Rep. Rose, John W. [R-TN-6]
Introduced: 2025-04-10
Policy area: Finance and Financial Sector
Subjects: Consumer credit

Financial services and investments

Housing finance and home ownership

Real estate business

Right of privacy
Latest action: action_date: 2025-09-05
text: Became Public Law No: 119-36.

Summaries:
action_date: 2025-04-10
action_desc: Introduced in House
text: <p><strong>Homebuyers Privacy Protection Act</strong></p><p>This bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions.&nbsp;</p><p>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&nbsp;(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&nbsp;servicer to the consumer, or has a current specified banking relationship with the consumer.</p><p>These provisions take effect 180 days after the bill's enactment.</p>

tv_txt: IB One Hundred Nineteenth Congress of the United States of America At the First Session Begun and held at the City of Washington on Friday, the third day of January, two thousand and twenty-five H. R. 2808 AN ACT To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Privacy Protection Act . 2. Treatment of prescreening report requests (a) In general Section 604(c) of the Fair Credit Reporting Act ( 15 U.S.C. 1681b(c) ) is amended by adding at the end the following: (4) Treatment of prescreening report requests (A) Definitions In this paragraph: (i) Credit union The term credit union means a Federal credit union or a State credit union, as those terms are defined, respectively, in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ). (ii) Insured depository institution The term insured depository institution has the meaning given the term in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(c) ). (iii) Residential mortgage loan The term residential mortgage loan has the meaning given the term in section 1503 of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5102 ). (iv) Servicer The term servicer has the meaning given the term in section 6(i) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2605(i) ). (B) Limitation If a person requests a consumer report from a consumer reporting agency in connection with a credit transaction involving a residential mortgage loan, that agency may not, based in whole or in part on that request, furnish a consumer report to another person under this subsection unless— (i) the transaction consists of a firm offer of credit or insurance; and (ii) that other person— (I) has submitted documentation to that agency certifying that such other person has, pursuant to paragraph (1)(A), the authorization of the consumer to whom the consumer report relates; or (II) (aa) has originated a current residential mortgage loan of the consumer to whom the consumer report relates; (bb) is the servicer of a current residential mortgage loan of the consumer to whom the consumer report relates; or (cc) (AA) is an insured depository institution or credit union; and (BB) holds a current account for the consumer to whom the consumer report relates. . 3. Effective date This Act, and the amendments made by this Act, shall take effect on the date that is 180 days after the date of enactment of this Act. 4. GAO study (a) In general The Comptroller General of the United States shall carry out a study on the value of trigger leads received by text message that includes input from State regulatory agencies, mortgage lenders, depository institutions (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )), consumer reporting agencies (as defined in section 603 of the Fair Credit Reporting Act ( 15 U.S.C. 1681a )), and consumers. (b) Report Not later than the end of the 12-month period beginning on the date of enactment of this Act, the Comptroller General shall submit to Congress a report containing any findings and determinations made in the study required by subsection (a).

Speaker of the House of Representatives. Vice President of the United States and President of the Senate.

tv_txt: II Calendar No. 104 119th CONGRESS 1st Session H. R. 2808 IN THE SENATE OF THE UNITED STATES June 24, 2025 Received; read twice and placed on the calendar AN ACT To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Privacy Protection Act . 2. Treatment of prescreening report requests (a) In general Section 604(c) of the Fair Credit Reporting Act ( 15 U.S.C. 1681b(c) ) is amended by adding at the end the following: (4) Treatment of prescreening report requests (A) Definitions In this paragraph: (i) Credit union The term credit union means a Federal credit union or a State credit union, as those terms are defined, respectively, in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ). (ii) Insured depository institution The term insured depository institution has the meaning given the term in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(c) ). (iii) Residential mortgage loan The term residential mortgage loan has the meaning given the term in section 1503 of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5102 ). (iv) Servicer The term servicer has the meaning given the term in section 6(i) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2605(i) ). (B) Limitation If a person requests a consumer report from a consumer reporting agency in connection with a credit transaction involving a residential mortgage loan, that agency may not, based in whole or in part on that request, furnish a consumer report to another person under this subsection unless— (i) the transaction consists of a firm offer of credit or insurance; and (ii) that other person— (I) has submitted documentation to that agency certifying that such other person has, pursuant to paragraph (1)(A), the authorization of the consumer to whom the consumer report relates; or (II) (aa) has originated a current residential mortgage loan of the consumer to whom the consumer report relates; (bb) is the servicer of a current residential mortgage loan of the consumer to whom the consumer report relates; or (cc) (AA) is an insured depository institution or credit union; and (BB) holds a current account for the consumer to whom the consumer report relates. . 3. Effective date This Act, and the amendments made by this Act, shall take effect on the date that is 180 days after the date of enactment of this Act. 4. GAO study (a) In general The Comptroller General of the United States shall carry out a study on the value of trigger leads received by text message that includes input from State regulatory agencies, mortgage lenders, depository institutions (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )), consumer reporting agencies (as defined in section 603 of the Fair Credit Reporting Act ( 15 U.S.C. 1681a )), and consumers. (b) Report Not later than the end of the 12-month period beginning on the date of enactment of this Act, the Comptroller General shall submit to Congress a report containing any findings and determinations made in the study required by subsection (a).

Passed the House of Representatives June 23, 2025. Kevin F. McCumber, Clerk.

June 24, 2025 Received; read twice and placed on the calendar

tv_txt: IB 119th CONGRESS 1st Session H. R. 2808 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Privacy Protection Act . 2. Treatment of prescreening report requests (a) In general Section 604(c) of the Fair Credit Reporting Act ( 15 U.S.C. 1681b(c) ) is amended by adding at the end the following: (4) Treatment of prescreening report requests (A) Definitions In this paragraph: (i) Credit union The term credit union means a Federal credit union or a State credit union, as those terms are defined, respectively, in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ). (ii) Insured depository institution The term insured depository institution has the meaning given the term in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(c) ). (iii) Residential mortgage loan The term residential mortgage loan has the meaning given the term in section 1503 of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5102 ). (iv) Servicer The term servicer has the meaning given the term in section 6(i) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2605(i) ). (B) Limitation If a person requests a consumer report from a consumer reporting agency in connection with a credit transaction involving a residential mortgage loan, that agency may not, based in whole or in part on that request, furnish a consumer report to another person under this subsection unless— (i) the transaction consists of a firm offer of credit or insurance; and (ii) that other person— (I) has submitted documentation to that agency certifying that such other person has, pursuant to paragraph (1)(A), the authorization of the consumer to whom the consumer report relates; or (II) (aa) has originated a current residential mortgage loan of the consumer to whom the consumer report relates; (bb) is the servicer of a current residential mortgage loan of the consumer to whom the consumer report relates; or (cc) (AA) is an insured depository institution or credit union; and (BB) holds a current account for the consumer to whom the consumer report relates. . 3. Effective date This Act, and the amendments made by this Act, shall take effect on the date that is 180 days after the date of enactment of this Act. 4. GAO study (a) In general The Comptroller General of the United States shall carry out a study on the value of trigger leads received by text message that includes input from State regulatory agencies, mortgage lenders, depository institutions (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )), consumer reporting agencies (as defined in section 603 of the Fair Credit Reporting Act ( 15 U.S.C. 1681a )), and consumers. (b) Report Not later than the end of the 12-month period beginning on the date of enactment of this Act, the Comptroller General shall submit to Congress a report containing any findings and determinations made in the study required by subsection (a).

Passed the House of Representatives June 23, 2025. Kevin F. McCumber, Clerk.

tv_txt: IB Union Calendar No. 133 119th CONGRESS 1st Session H. R. 2808 [Report No. 119–166] IN THE HOUSE OF REPRESENTATIVES April 10, 2025 Mr. Rose (for himself, Mr. Torres of New York , Mr. Garbarino , Mr. Nunn of Iowa , Mr. Amodei of Nevada , Mr. Amo , Mr. Neguse , Ms. Norton , Mr. Ogles , Mr. Steil , Mr. Wittman , Mr. Lucas , Mr. Johnson of South Dakota , Mr. Timmons , Mr. Bergman , Ms. Brownley , Mr. Suozzi , Mr. Moolenaar , Mr. Cleaver , Mrs. Bice , Mr. Fields , Mr. Smith of Nebraska , Mr. Scott Franklin of Florida , Mr. Kustoff , Mr. Kelly of Mississippi , Ms. Pettersen , Mr. Guest , and Mr. Fitzpatrick ) introduced the following bill; which was referred to the Committee on Financial Services June 20, 2025 Additional sponsors: Mrs. McClain , Ms. Williams of Georgia , Mrs. Beatty , Mr. Crow , Mr. Thompson of Mississippi , Mr. Ezell , Ms. De La Cruz , Mr. Flood , Mr. Meuser , Mr. Hern of Oklahoma , Mr. Buchanan , Mr. Bishop , Mr. Foster , Mr. Sherman , Mr. Rutherford , Mr. Alford , Mr. Mrvan , Mr. Grothman , Mr. Moore of North Carolina , Mr. Haridopolos , Mr. Webster of Florida , Mr. Case , Mr. Kiley of California , Mr. Bacon , Mr. Davidson , Mr. Finstad , Mr. Vindman , Mr. Golden of Maine , Mr. Huizenga , Mr. Donalds , Mr. Stutzman , Mr. Mann , Mr. Lawler , Mr. Burchett , Mr. Gottheimer , Ms. Velázquez , Mr. Lynch , Mr. Meeks , Ms. McBride , Mr. Schmidt , Mr. Cline , Mr. LaHood , Mr. Fleischmann , Mrs. Fischbach , Mr. Sorensen , Mrs. Luna , Mr. Smucker , Ms. Craig , Mr. Barrett , Mr. Downing , Mr. David Scott of Georgia , Mr. Norman , Ms. Bynum , Ms. Ross , Mr. Sessions , Mr. Liccardo , Mr. Tiffany , Mrs. Kiggans of Virginia , Mr. Cloud , Ms. Kelly of Illinois , Mr. Schneider , and Mrs. Hinson June 20, 2025 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on April 10, 2025 A BILL To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Privacy Protection Act . 2. Treatment of prescreening report requests (a) In general Section 604(c) of the Fair Credit Reporting Act ( 15 U.S.C. 1681b(c) ) is amended by adding at the end the following: (4) Treatment of prescreening report requests (A) Definitions In this paragraph: (i) Credit union The term credit union means a Federal credit union or a State credit union, as those terms are defined, respectively, in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ). (ii) Insured depository institution The term insured depository institution has the meaning given the term in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(c) ). (iii) Residential mortgage loan The term residential mortgage loan has the meaning given the term in section 1503 of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5102 ). (iv) Servicer The term servicer has the meaning given the term in section 6(i) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2605(i) ). (B) Limitation If a person requests a consumer report from a consumer reporting agency in connection with a credit transaction involving a residential mortgage loan, that agency may not, based in whole or in part on that request, furnish a consumer report to another person under this subsection unless— (i) the transaction consists of a firm offer of credit or insurance; and (ii) that other person— (I) has submitted documentation to that agency certifying that such other person has, pursuant to paragraph (1)(A), the authorization of the consumer to whom the consumer report relates; or (II) (aa) has originated a current residential mortgage loan of the consumer to whom the consumer report relates; (bb) is the servicer of a current residential mortgage loan of the consumer to whom the consumer report relates; or (cc) (AA) is an insured depository institution or credit union; and (BB) holds a current account for the consumer to whom the consumer report relates. . 3. Effective date This Act, and the amendments made by this Act, shall take effect on the date that is 180 days after the date of enactment of this Act. 4. GAO study (a) In general The Comptroller General of the United States shall carry out a study on the value of trigger leads received by text message that includes input from State regulatory agencies, mortgage lenders, depository institutions (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )), consumer reporting agencies (as defined in section 603 of the Fair Credit Reporting Act ( 15 U.S.C. 1681a )), and consumers. (b) Report Not later than the end of the 12-month period beginning on the date of enactment of this Act, the Comptroller General shall submit to Congress a report containing any findings and determinations made in the study required by subsection (a).

June 20, 2025 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: I 119th CONGRESS 1st Session H. R. 2808 IN THE HOUSE OF REPRESENTATIVES April 10, 2025 Mr. Rose (for himself, Mr. Torres of New York , Mr. Garbarino , Mr. Nunn of Iowa , Mr. Amodei of Nevada , Mr. Amo , Mr. Neguse , Ms. Norton , Mr. Ogles , Mr. Steil , Mr. Wittman , Mr. Lucas , Mr. Johnson of South Dakota , Mr. Timmons , Mr. Bergman , Ms. Brownley , Mr. Suozzi , Mr. Moolenaar , Mr. Cleaver , Mrs. Bice , Mr. Fields , Mr. Smith of Nebraska , Mr. Scott Franklin of Florida , Mr. Kustoff , Mr. Kelly of Mississippi , Ms. Pettersen , Mr. Guest , and Mr. Fitzpatrick ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.

1. Short title This Act may be cited as the Homebuyers Privacy Protection Act . 2. Treatment of prescreening report requests Section 604(c) of the Fair Credit Reporting Act ( 15 U.S.C. 1681b(c) ) is amended by adding at the end the following: (4) Treatment of prescreening report requests (A) Definitions In this paragraph: (i) Credit union The term credit union means a Federal credit union or a State credit union, as those terms are defined in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ). (ii) Insured depository institution The term insured depository institution has the meaning given the term in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813(c) ). (iii) Residential mortgage loan The term residential mortgage loan has the meaning given the term in section 1503 of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5102 ). (iv) Servicer The term servicer has the meaning given the term in section 6(i) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2605(i) ). (B) Limitation If a person requests a consumer report from a consumer reporting agency in connection with a credit transaction involving a residential mortgage loan, that agency may not, based in whole or in part on that request, furnish a consumer report to another person under this subsection unless— (i) the transaction consists of a firm offer of credit or insurance; and (ii) that other person— (I) has submitted documentation to that agency certifying that such other person has, pursuant to paragraph (1)(A), the authorization of the consumer to whom the consumer report relates; or (II) (aa) has originated a current residential mortgage loan of the consumer to whom the consumer report relates; (bb) is the servicer of a current residential mortgage loan of the consumer to whom the consumer report relates; or (cc) (AA) is an insured depository institution or credit union; and (BB) holds a current account for the consumer to whom the consumer report relates. . 3. Effective date This Act, and the amendments made by this Act, shall take effect on the date that is 180 days after the date of enactment of this Act.