Protecting Consumers from Abusive Mortgage Leads Act

I 118TH CONGRESS 1ST SESSION H. R. 4198 To amend section 604(c) of the Fair Credit Reporting Act to address the treatment of pre-screening report requests, and for other purposes. IN THE HOUSE OF REPRESENTATIVES JUNE 16, 2023 Mr. ROSE introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend section 604(c) of the Fair Credit Reporting Act to address the treatment of pre-screening report re- quests, 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. SHORT TITLE. 3 This Act may be cited as the ‘‘Protecting Consumers 4 from Abusive Mortgage Leads Act’’. 5 SEC. 2. TREATMENT OF PRE-SCREENING REPORT RE- 6 QUESTS. 7 Section 604(c) of the Fair Credit Reporting Act (15 8 U.S.C. 1681b) is amended by adding at the end the fol- 9 lowing: 10 VerDate Sep 11 2014 05:14 Jul 22, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H4198.IH H4198 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 4198 IH ‘‘(4) TREATMENT OF PRE-SCREENING REPORT 1 REQUESTS.—If a person requests a report from a 2 consumer reporting agency in connection with a 3 credit transaction involving an extension of credit se- 4 cured by real estate, such agency may not, solely on 5 the basis of such request, furnish a report to a third 6 party unless such third party has submitted docu- 7 mentation to such agency certifying that such third 8 party has the consumer’s consent or has a current 9 relationship, relating to credit, servicing or other fi- 10 nancial services, with such consumer.’’. 11 Æ VerDate Sep 11 2014 05:14 Jul 22, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H4198.IH H4198 kjohnson on DSK79L0C42PROD with BILLS