Homebuyers Privacy Protection Act amends the Fair Credit Reporting Act to restrict consumer report sharing by agencies.
The Homebuyers Privacy Protection Act amends the Fair Credit Reporting Act to limit how consumer reporting agencies can share consumer reports. Specifically, if a person requests a consumer report for a credit transaction involving a residential mortgage loan, the agency cannot share the report with another person unless certain conditions are met. These conditions include the other person having documentation certifying consumer authorization, originating or servicing the consumer's current residential mortgage loan, or being an insured depository institution or credit union that holds a.
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