HR2808119th CongressWALLET

Homebuyers Privacy Protection Act

Sponsored By: Representative Rose

Became Law

Summary

Limits who can receive prescreening consumer reports for residential mortgage loans. This law narrows when consumer reporting agencies may share prescreening reports tied to home loans so those reports go only with a firm offer of credit and to recipients who are authorized or meet specific eligibility tests.

Show full summary
  • Homebuyers: Prescreening reports about your mortgage are allowed only if there is a firm offer of credit or you authorize the recipient.
  • Lenders and servicers: Originators and servicers of a consumer's current mortgage and insured depository institutions or credit unions that hold the consumer's account can receive prescreening reports without separate authorization.
  • Reporting agencies and oversight: The change is added to FCRA section 604(c) and takes effect 180 days after enactment. The law also directs the Government Accountability Office to study text-message trigger leads and report to Congress within 12 months.

Bill Overview

Analyzed Economic Effects

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

Stronger privacy for mortgage shoppers

The law limits prescreened credit reports tied to a home loan. A credit bureau can share your report only for a firm offer of credit or insurance. The recipient must have your OK, or already be your mortgage lender or servicer, or be your bank or credit union and hold your account. This takes effect 180 days after enactment.

Sponsors & CoSponsors

Sponsor

Rose

TN • R

Cosponsors

  • Torres (NY)

    NY • D

    Sponsored 4/10/2025

  • Garbarino

    NY • R

    Sponsored 4/10/2025

  • Nunn (IA)

    IA • R

    Sponsored 4/10/2025

  • Amodei (NV)

    NV • R

    Sponsored 4/10/2025

  • Amo

    RI • D

    Sponsored 4/10/2025

  • Neguse

    CO • D

    Sponsored 4/10/2025

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 4/10/2025

  • Ogles

    TN • R

    Sponsored 4/10/2025

  • Steil

    WI • R

    Sponsored 4/10/2025

  • Wittman

    VA • R

    Sponsored 4/10/2025

  • Lucas

    OK • R

    Sponsored 4/10/2025

  • Johnson (SD)

    SD • R

    Sponsored 4/10/2025

  • Timmons

    SC • R

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  • Bergman

    MI • R

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  • Brownley

    CA • D

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  • Suozzi

    NY • D

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  • Moolenaar

    MI • R

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  • Cleaver

    MO • D

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  • Bice

    OK • R

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  • Fields

    LA • D

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  • Smith (NE)

    NE • R

    Sponsored 4/10/2025

  • Franklin, Scott

    FL • R

    Sponsored 4/10/2025

  • Kustoff

    TN • R

    Sponsored 4/10/2025

  • Kelly (MS)

    MS • R

    Sponsored 4/10/2025

  • Pettersen

    CO • D

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  • Guest

    MS • R

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  • Fitzpatrick

    PA • R

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  • McClain

    MI • R

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  • Williams (GA)

    GA • D

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  • Beatty

    OH • D

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  • Crow

    CO • D

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  • Thompson (MS)

    MS • D

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  • Ezell

    MS • R

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  • De La Cruz

    TX • R

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  • Flood

    NE • R

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  • Meuser

    PA • R

    Sponsored 4/28/2025

  • Hern (OK)

    OK • R

    Sponsored 4/28/2025

  • Buchanan

    FL • R

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  • Bishop

    GA • D

    Sponsored 4/28/2025

  • Foster

    IL • D

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  • Sherman

    CA • D

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  • Rutherford

    FL • R

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  • Alford

    MO • R

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  • Mrvan

    IN • D

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  • Grothman

    WI • R

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  • Moore (NC)

    NC • R

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  • Haridopolos

    FL • R

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  • Webster (FL)

    FL • R

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  • Case

    HI • D

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  • Kiley (CA)

    CA • R

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  • Bacon

    NE • R

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  • Davidson

    OH • R

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  • Finstad

    MN • R

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  • Vindman

    VA • D

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  • Golden (ME)

    ME • D

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  • Huizenga

    MI • R

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  • Donalds

    FL • R

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  • Stutzman

    IN • R

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  • Mann

    KS • R

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  • Lawler

    NY • R

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  • Burchett

    TN • R

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  • Gottheimer

    NJ • D

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  • Velazquez

    NY • D

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  • Lynch

    MA • D

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  • Meeks

    NY • D

    Sponsored 5/17/2025

  • McBride

    DE • D

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  • Schmidt

    KS • R

    Sponsored 5/17/2025

  • Cline

    VA • R

    Sponsored 5/19/2025

  • LaHood

    IL • R

    Sponsored 5/20/2025

  • Fleischmann

    TN • R

    Sponsored 5/21/2025

  • Fischbach

    MN • R

    Sponsored 5/21/2025

  • Sorensen

    IL • D

    Sponsored 5/21/2025

  • Luna

    FL • R

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  • Smucker

    PA • R

    Sponsored 5/21/2025

  • Craig

    MN • D

    Sponsored 5/23/2025

  • Barrett

    MI • R

    Sponsored 5/29/2025

  • Downing

    MT • R

    Sponsored 5/29/2025

  • Scott, David

    GA • D

    Sponsored 6/4/2025

  • Norman

    SC • R

    Sponsored 6/5/2025

  • Bynum

    OR • D

    Sponsored 6/5/2025

  • Ross

    NC • D

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  • Sessions

    TX • R

    Sponsored 6/9/2025

  • Liccardo

    CA • D

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  • Tiffany

    WI • R

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  • Kiggans (VA)

    VA • R

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  • Cloud

    TX • R

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  • Kelly (IL)

    IL • D

    Sponsored 6/17/2025

  • Schneider

    IL • D

    Sponsored 6/20/2025

  • Hinson

    IA • R

    Sponsored 6/20/2025

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