S. 1467 · Where this bill is now
Became law through another bill
Its text was included in H.R. 2808, Public Law 119-36 (per the Congressional Research Service). This bill number itself: In the House.
See H.R. 2808 on Congress.gov ↗
What this bill does
In plain words · AI-written from the official summaryLimits credit report sharing for home loans
Right now, credit reporting agencies can share your credit report with various companies involved in mortgage transactions pretty freely. This bill would tighten those rules. It says credit agencies can only hand over your credit report to third parties in a mortgage deal if that party either has your written consent, or already has a real business relationship with you, like servicing your current mortgage or being your bank.
How it affects you
If you're shopping for a home or refinancing, this would give you more control over who sees your credit information during the mortgage process. Instead of your report being shared with multiple companies automatically, lenders and other parties would need to get your permission first or have an existing relationship with you. The changes would start 180 days after the law takes effect.
Read the official summary (Passed Senate, Jun 12, 2025)
Homebuyers Privacy Protection Act
This 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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionS. 1467
AN ACT
Homebuyers Privacy Protection Act
Sponsor: Sen. Jack Reed (D-RI) · Introduced Apr 10, 2025 · Finance and Financial Sector · 2 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 17, 2025: “Held at the desk.”
Sections
The wording of this bill hasn’t changed across its 2 official versions.