118th Congress · SENATE BILLBILL

S. 3502Homebuyers Privacy Protection Act

A bill to amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.

Finance and financial sector
Introduced Dec 13, 2023
Last action Dec 18, 2024
Pipeline · Bill → Law
Step 1
Introduced
Dec 13, 2023
Step 2
Referred
Dec 13, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Dec 17, 2024
Step 4
Senate
Dec 17, 2024
Passed Senate w/ Changes
Step 5
House floor
Moves to House
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This 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 (1) the third party provides documentation certifying that it has the consumer's consent; or (2) the third party has originated the mortgage, is the current loan servicer, or has a current specified banking relationship with the consumer.

Provisions · 3 sectionsEngrossed in Senate
Timeline · 9 actions
Dec 18, 2024
Message on Senate action sent to the House.
Dec 18, 2024
Received in the House.
Dec 18, 2024
Held at the desk.
Dec 17, 2024
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
Dec 17, 2024
Measure laid before Senate by unanimous consent.
Dec 17, 2024
Passed Senate with an amendment by Unanimous Consent.
Mar 12, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Dec 13, 2023
Introduced in Senate
Dec 13, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.