H.R. 2808 · Signed into law · Finance and Financial Sector

Homebuyers Privacy Protection Act

What it does

Prohibits credit reporting agencies from providing consumer credit reports to third parties in residential mortgage transactions without the consumer's documented consent.
Permits credit reports to be shared if the third party has originated a mortgage for the consumer, currently services their mortgage, or has a specified banking relationship with them.
Limits report sharing to transactions that constitute a firm offer of credit or insurance.
Takes effect 180 days after enactment.

Official summary

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.

Latest action

Sep 5, 2025: Became Public Law No: 119-36.

Committee: House Financial Services