Homebuyers Privacy Protection Act

This bill limits when credit reporting agencies can share your credit report with outside companies during the process of buying a home or getting a mortgage. Under the bill, a credit reporting agency can only share your report with a third party if that party has your permission, has already given you a mortgage, currently services your mortgage loan, or has an existing banking relationship with you. These rules would go into effect 180 days after the bill becomes law.

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