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S. 1467

Homebuyers Privacy Protection Act

Homebuyers Privacy Protection Act

This bill limits the circumstances in which credit reporting agencies may provide consumer credit reports to third parties in connection with residential mortgage transactions. 

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 (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 servicer to the consumer, or has a current specified banking relationship with the consumer.

These provisions take effect 180 days after the bill's enactment.

Held at the desk.

Sen. Reed, Jack [D-RI](D-RI)Sponsor
45 cosponsors24 D20 R1 I
45cosponsors1committees8actions1related bills
  1. FloorH15000

    Held at the desk.

  2. FloorH14000

    Received in the House.

  3. Floor

    Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)

  4. Floor17000

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)

  5. Discharge

    Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S3395-3396)

    Banking, Housing, and Urban Affairs Committee
  6. Committee14500

    Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

    Banking, Housing, and Urban Affairs Committee
  7. IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2567)

    Banking, Housing, and Urban Affairs Committee
  8. IntroReferral10000

    Introduced in Senate