119th Congress (2025-2026)

S 1467

Homebuyers Privacy Protection Act

Passed Origin Chamber

Jurisdiction

US Congress

Session

119th Congress (2025-2026)

Official source

Chamber

Senate

Session

119th Congress (2025-2026)

Jurisdiction

US Congress

Bill overview

This bill, the Homebuyers Privacy Protection Act, restricts when credit reporting agencies can share a consumer’s credit report during a residential mortgage transaction. It prevents agencies from providing a report to a third party unless the third party has documented consent from the consumer, or if they originated the mortgage, are currently servicing the loan, or are an insured depository institution or credit union with an account for the consumer. The changes take effect 180 days after the bill becomes law.

Key provisions

Prevents credit reporting agencies from sharing consumer credit reports with third parties during residential mortgage transactions.
Requires third parties to provide documentation of consumer consent to receive a credit report.
Allows third parties to receive reports only if they originated the mortgage, are the current servicer, or are an insured depository institution or credit union with an account for the consumer.
Defines key terms such as ‘credit union,’ ‘insured depository institution,’ and ‘residential mortgage loan’ for clarity.
Establishes a 180-day delay before the new rules take effect.

Who is affected

Consumers
Credit Reporting Agencies
Mortgage Lenders
Mortgage Servicers
Insured Depository Institutions

Notable changes

Limits the circumstances under which credit reports can be shared with third parties in mortgage transactions.

Positions across the country

No public positions recorded for this legislation.

Arguments in favor

Reasons to support this legislation.

No arguments in favor have been submitted.

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Arguments opposed

Reasons to oppose this legislation.

No arguments opposed have been submitted.

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Legislative history

2025-04-10Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2567)

2025-04-10

Introduced in Senate

2025-06-12Senate

Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)

2025-06-12

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

6/12/2025SenateUnanimous consent
Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)
No roll-call vote on record for this action.
6/12/2025Unanimous consent
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)
No roll-call vote on record for this action.

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

6/12/2025SenateUnanimous consent
Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)
No roll-call vote on record for this action.
6/12/2025Unanimous consent
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (text: CR S3395-3396)
No roll-call vote on record for this action.

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Apr 10, 2025XMLView source

119th CONGRESS — 1st Session

S. 1467

IN THE SENATE OF THE UNITED STATES

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.

1.Short title

This Act may be cited as the

Homebuyers Privacy Protection Act

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)DefinitionsIn this paragraph:

(i)Credit unionThe 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 institutionThe 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 loanThe 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)ServicerThe 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)LimitationIf 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.

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.

S 1467