To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.

I 116TH CONGRESS 2D SESSION H. R. 5720 To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes. IN THE HOUSE OF REPRESENTATIVES JANUARY 30, 2020 Mr. CLAY introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. TRIGGER LEAD PROHIBITION. 3 Section 604(c) of the Fair Credit Reporting Act (15 4 U.S.C. 1681b(c)) is amended by adding at the end the 5 following: 6 ‘‘(4) PROHIBITION ON TRIGGER LEADS FOR 7 RESIDENTIAL MORTGAGE LOANS.—Notwithstanding 8 paragraph (1), no consumer reporting agency may 9 furnish a consumer report in connection with a cred- 10 VerDate Sep 11 2014 01:25 Jan 31, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5720.IH H5720 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 5720 IH it transaction that is not initiated by a consumer, if 1 the report is being procured based in whole or in 2 part on the presence of an inquiry made in connec- 3 tion with a residential mortgage loan (as defined 4 under section 103 of the Truth in Lending Act (15 5 U.S.C. 1602)).’’. 6 Æ VerDate Sep 11 2014 01:25 Jan 31, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H5720.IH H5720 pamtmann on DSKBC07HB2PROD with BILLS