H.R. 2656 · 118th Congress
Trigger Leads Abatement Act of 2023
- Stage
- In committee
- Sponsor
- Ritchie Torres
- Introduced
- 2023-04-17
- Latest action
- 2023-04-17 · Introduced in House
Summary
Trigger Leads Abatement Act of 2023
This bill prohibits credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan.