Illinois SB2232 amends the Consumer Fraud and Deceptive Business Practices Act to restrict consumer report inquiries for mortgage or automobile loans.
Illinois SB2232 amends the Consumer Fraud and Deceptive Business Practices Act by adding a new section that prohibits consumer reporting agencies from furnishing consumer reports or contact information not requested by the consumer if the report or information is being procured based on an inquiry related to a residential mortgage loan or an automobile loan. This provision aims to protect consumers from unauthorized access to their personal information during the loan application process. A violation of this provision constitutes an unlawful practice under the Act.
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