[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2808 Engrossed in House (EH)]
<DOC>
119th CONGRESS
1st Session
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Homebuyers Privacy Protection Act''.
SEC. 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.''.
SEC. 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.
SEC. 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.
Attest:
Clerk.
119th CONGRESS
1st Session
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.