S. 1467
Restricts credit report sharing for mortgage offers
Limits when credit reporting agencies may give a consumer's credit report to a third party for a mortgage deal, unless the consumer agreed or that party already handles the mortgage or banking.
- Reports may be shared only for a firm offer of credit or insurance
- The third party must document the consumer's consent, or have originated or service the mortgage
- A current specified banking relationship with the consumer also counts
- Takes effect 180 days after the bill becomes law
Passed the Senate · House's turn