Mortgage applicants.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Privacy and Consumer Protection
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill prohibits mortgage lenders from selling personal information collected from mortgage applicants to third parties. It builds upon existing privacy laws in California, specifically the California Consumer Privacy Act and the California Financial Information Privacy Act, which protect consumer data. The goal is to prevent the sale of sensitive information gathered during the mortgage application process. This legislation aims to enhance consumer privacy related to financial transactions.
Key provisions
- Prohibits the sale of personal information of mortgage applicants.
- Applies to personal information collected during the mortgage application process.
- Reinforces existing consumer privacy protections.
- Relates to Title 1.81.8 of the Civil Code.
- Aligned with the California Consumer Privacy Act and the California Financial Information Privacy Act.
Who is affected
- Mortgage applicants
- Mortgage lenders
- Third-party data brokers
Notable changes
- Expands existing privacy protections to specifically cover mortgage applicant data.
- Creates a clear prohibition on the sale of this data.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours