PRIA Logo™
119-s-1467119th CongressWALLET

Homebuyers Privacy Protection Act

Sponsored By: Senator Reed, Jack [D-RI]

Passed Senate

Summary

Limits sharing of prescreened credit reports for mortgage-related checks to protect homebuyers' privacy. This bill would stop consumer reporting agencies from furnishing prescreen reports in connection with residential mortgage loans unless the recipient has a firm offer, has the consumer's authorization, originated or currently services the consumer's mortgage, or is an insured depository institution or credit union that holds the consumer's account. It would take effect 180 days after enactment.

Show full summary
  • Families and homebuyers: Fewer unsolicited mortgage-related prescreened credit checks and less automatic sharing of your consumer report with third parties.
  • Lenders, servicers, and banks: Originators, servicers, insured depository institutions, and credit unions that hold a consumer's account can still receive prescreen reports under the listed conditions.
  • Consumer reporting agencies: Must withhold prescreen consumer reports for residential mortgage transactions unless the narrow statutory conditions are met.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Stronger privacy for homebuyers' credit reports

If enacted, credit reporting companies would face stricter limits when a report is requested for a residential mortgage loan. They would share a prescreened report only if it is for a firm offer of credit or insurance. The recipient would also need your documented OK, or already be your mortgage lender or servicer, or be your bank or credit union that holds your current account. This would cut down on unsolicited mortgage marketing that uses your data. The rules would start 180 days after the bill is signed.

Sponsors & CoSponsors

Sponsor

Reed, Jack [D-RI]

RI • D

Cosponsors

  • Sen. Hagerty, Bill [R-TN]

    TN • R

    Sponsored 4/10/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 4/10/2025

  • Sen. Tillis, Thomas [R-NC]

    NC • R

    Sponsored 4/10/2025

  • Sen. Cortez Masto, Catherine [D-NV]

    NV • D

    Sponsored 4/10/2025

  • Sen. Cramer, Kevin [R-ND]

    ND • R

    Sponsored 4/10/2025

  • Sen. Smith, Tina [D-MN]

    MN • D

    Sponsored 4/10/2025

  • Sen. Britt, Katie Boyd [R-AL]

    AL • R

    Sponsored 4/10/2025

  • Sen. Gallego, Ruben [D-AZ]

    AZ • D

    Sponsored 4/10/2025

  • Sen. Ricketts, Pete [R-NE]

    NE • R

    Sponsored 4/10/2025

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 4/10/2025

  • Sen. Rounds, Mike [R-SD]

    SD • R

    Sponsored 4/10/2025

  • Sen. Capito, Shelley Moore [R-WV]

    WV • R

    Sponsored 4/10/2025

  • Sen. Wyden, Ron [D-OR]

    OR • D

    Sponsored 4/10/2025

  • Sen. Crapo, Mike [R-ID]

    ID • R

    Sponsored 4/10/2025

  • Sen. Hyde-Smith, Cindy [R-MS]

    MS • R

    Sponsored 4/10/2025

  • Sen. Whitehouse, Sheldon [D-RI]

    RI • D

    Sponsored 4/10/2025

  • Sen. Risch, James E. [R-ID]

    ID • R

    Sponsored 4/10/2025

  • Sen. King, Angus S., Jr. [I-ME]

    ME • I

    Sponsored 4/10/2025

  • Sen. Tuberville, Tommy [R-AL]

    AL • R

    Sponsored 4/10/2025

  • Sen. Fetterman, John [D-PA]

    PA • D

    Sponsored 4/10/2025

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 4/10/2025

  • Sen. Kaine, Tim [D-VA]

    VA • D

    Sponsored 4/10/2025

  • Sen. Rosen, Jacky [D-NV]

    NV • D

    Sponsored 4/10/2025

  • Sen. Shaheen, Jeanne [D-NH]

    NH • D

    Sponsored 4/10/2025

  • Sen. Blumenthal, Richard [D-CT]

    CT • D

    Sponsored 4/10/2025

  • Sen. Baldwin, Tammy [D-WI]

    WI • D

    Sponsored 4/10/2025

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 4/10/2025

  • Sen. Hickenlooper, John W. [D-CO]

    CO • D

    Sponsored 4/10/2025

  • Sen. Peters, Gary C. [D-MI]

    MI • D

    Sponsored 4/10/2025

  • Sen. Bennet, Michael F. [D-CO]

    CO • D

    Sponsored 4/10/2025

  • Sen. Markey, Edward J. [D-MA]

    MA • D

    Sponsored 4/10/2025

  • Sen. Schatz, Brian [D-HI]

    HI • D

    Sponsored 4/10/2025

  • Sen. Merkley, Jeff [D-OR]

    OR • D

    Sponsored 4/10/2025

  • Sen. Kelly, Mark [D-AZ]

    AZ • D

    Sponsored 4/10/2025

  • Sen. Fischer, Deb [R-NE]

    NE • R

    Sponsored 4/10/2025

  • Sen. Heinrich, Martin [D-NM]

    NM • D

    Sponsored 4/29/2025

  • Sen. Wicker, Roger F. [R-MS]

    MS • R

    Sponsored 5/1/2025

  • Sen. Moreno, Bernie [R-OH]

    OH • R

    Sponsored 5/5/2025

  • Sen. Banks, Jim [R-IN]

    IN • R

    Sponsored 5/14/2025

  • Sen. Cassidy, Bill [R-LA]

    LA • R

    Sponsored 5/15/2025

  • Sen. Collins, Susan M. [R-ME]

    ME • R

    Sponsored 5/20/2025

  • Sen. Hoeven, John [R-ND]

    ND • R

    Sponsored 5/20/2025

  • Sen. Sullivan, Dan [R-AK]

    AK • R

    Sponsored 5/21/2025

  • Sen. Scott, Rick [R-FL]

    FL • R

    Sponsored 6/5/2025

  • Sen. Durbin, Richard J. [D-IL]

    IL • D

    Sponsored 6/26/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation