This Act may be cited as the Bank Loan Privacy Act.

Section 704B(e)(4) of the Equal Credit Opportunity Act (15 U.S.C. 1691cU.S. Code — Title 15, Section 1691cView official source on GovInfo–2(e)(4)) is amended— (1) by striking The Bureau may, and inserting: (A) In general The Bureau may,; and (2) by adding at the end the following: (B) Rulemaking requirement The Bureau shall, before deleting or modifying data under this paragraph issue, through advance notice and comment, a rule that includes a description of what modifications and deletions the Bureau intends to make to the data and how such modifications and deletions will advance a privacy interest..