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S. 1467 Senate Finance and Financial Sector

Homebuyers Privacy Protection Act

Introduced
Apr 10, 2025
Sponsor
Sen. Reed, Jack (D-RI)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the Senate. Last action: held at the desk on Jun 17, 2025.

  1. Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2567) Apr 10, 2025
  2. Senate Introduced in Senate Apr 10, 2025
  3. Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Apr 10, 2025
  4. Senate Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. Jun 12, 2025
  5. Senate Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S3395-3396) Jun 12, 2025
  6. Senate Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396) Jun 12, 2025
  7. Senate Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396) Jun 12, 2025
  8. House Received in the House. Jun 17, 2025
  9. House Held at the desk. Jun 17, 2025

Cosponsors

45

Subjects

Consumer creditFinancial services and investmentsHousing finance and home ownershipReal estate businessRight of privacy

Committees

  • Banking, Housing, and Urban Affairs Committee
    • Discharged From , Jun 12, 2025
    • Referred To , Apr 10, 2025

Summary

Homebuyers Privacy Protection ActThis 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.

Summary as of: Passed Senate

Bill Text

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