What does Preamble of Homebuyers Privacy Protection Act do?

This bill proposes to amend the Fair Credit Reporting Act. The amendment aims to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances. The bill's purpose is to address issues related to consumer reports and credit reporting agencies.

What does SHORT TITLE. of Homebuyers Privacy Protection Act do?

This bill is formally titled the Homebuyers Privacy Protection Act.

What does TREATMENT OF PRESCREENING REPORT REQUESTS. of Homebuyers Privacy Protection Act do?

This section amends Section 604(c) of the Fair Credit Reporting Act. It defines terms including 'credit union,' 'insured depository institution,' 'residential mortgage loan,' and 'servicer'. It places a limitation on consumer reporting agencies furnishing consumer reports. A consumer reporting agency may not furnish a consumer report unless the transaction is a firm offer of credit or insurance. The other person receiving the report must either have consumer authorization, originated a current residential mortgage loan, be the servicer of a current loan, or be an insured depository institution or credit union holding a current account for the consumer.

What does EFFECTIVE DATE. of Homebuyers Privacy Protection Act do?

This Act will become effective 180 days after its enactment. The Act amends the Fair Credit Reporting Act.

Back to bills

Homebuyers Privacy Protection Act

Last updated: 6/17/2025 · Introduced: 4/10/2025

Author: John Reed (D-RI)

TL;DR (AI)

The bill amends the Fair Credit Reporting Act to restrict consumer reporting agencies from sharing consumer reports.
Consumer reports can only be furnished if it's a firm offer of credit or insurance, or if the recipient meets specific criteria like originating or servicing a mortgage loan, or being a credit union or insured depository institution.
This Act will take effect 180 days after its enactment.

119th Congresspassed senateHR. 2808(Signed into Law)Official page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account