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 impose limitations on consumer reporting agencies. Specifically, it restricts these agencies from furnishing consumer reports to other persons unless certain conditions are met. These conditions include the transaction being a firm offer of credit or insurance and the other person having submitted documentation certifying consumer authorization or having originated a current residential mortgage loan for the consumer.
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