119-s1467

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1467 Engrossed in Senate

    (ES) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1467

_______________________________________________________________________

 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.

 

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 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.

 Passed the Senate June 12, 2025.

 Attest:

 Secretary.
119th CONGRESS

 1st Session

 S. 1467

_______________________________________________________________________

 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.