Iowa SF587 prohibits financial institutions from using unfair or deceptive practices when soliciting consumers with prescreened mortgage trigger lead.

Iowa SF587 addresses the use of prescreened mortgage trigger lead information by financial institutions. It prohibits financial institutions from engaging in unfair or deceptive practices when soliciting consumers who have applied for a loan with a different financial institution. Such practices include failing to disclose non-affiliation with the consumer's initial application institution, not conforming to state and federal laws on prescreened solicitations, and using information from consumers who have opted out of prescreened offers or are on a federal do-not-call registry.

Iowa SF587 prohibits financial institutions from using unfair or deceptive practices when soliciting consumers with prescreened mortgage trigger lead.

Iowa SF587 addresses the use of prescreened mortgage trigger lead information by financial institutions. It prohibits financial institutions from engaging in unfair or deceptive practices when soliciting consumers who have applied for a loan with a different financial institution. Such practices include failing to disclose non-affiliation with the consumer's initial application institution, not conforming to state and federal laws on prescreened solicitations, and using information from consumers who have opted out of prescreened offers or are on a federal do-not-call registry.