Voteopolis | 116th-congress-H.R.5720 Bill DashBoard

| | Petition Blog | << < > >>

Introduced in House	Passed House	Introduced in Senate	Passed Senate	To President	Became Law
01/30/2020

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

Date	Version	PDF
02/01/2020	Introduced in House	Open
01/30/2020	Introduced in House	Open
01/30/2020	Introduced in House	Open

2 1 to 12 of 3

            




116 HR 5720 IH: To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes.
U.S. House of Representatives
2020-01-30
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.



I116th CONGRESS2d SessionH. R. 5720IN THE HOUSE OF REPRESENTATIVESJanuary 30, 2020Mr. Clay introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for
			 other purposes.
	
 1.Trigger lead prohibition
Section 604(c) of the Fair Credit Reporting Act (15 U.S.C. 1681b(c)) is amended by adding at the end the following:
			
 (4)Prohibition on trigger leads for residential mortgage loans
Notwithstanding paragraph (1), no consumer reporting agency may furnish a consumer report in connection with a credit transaction that is not initiated by a consumer, if the report is being procured based in whole or in part on the presence of an inquiry made in connection with a residential mortgage loan (as defined under section 103 of the Truth in Lending Act (15 U.S.C. 1602))..

Picture	Name	From	Date	Type
	Wm Clay	D-MO	01/30/2020	Sponsor

2 1 to 12 of 1

Date	Branch	Action
01/30/2020	President	Referred to the House Committee on Financial Services.Action By: House of Representatives
01/30/2020	President	Introduced in HouseAction By: House of Representatives

2 1 to 12 of 2

Summary
There is one summary for H.R.5720. View summaries Shown Here:Introduced in House (01/30/2020) 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.
Shown Here:Introduced in House (01/30/2020) 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.

Summary

There is one summary for H.R.5720. View summaries Shown Here:Introduced in House (01/30/2020) 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.

Shown Here:Introduced in House (01/30/2020) 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.

2 1 to 12 of 2

Congress - Bill Number	Major Title

2 1 to 12 of 0

Branch	Vote Date	Yes	No	Not Voting

2 1 to 12 of 0

Wiki

Bill TEXT Points.
This Bill has been listed with the following Subjects from Texts:
Congress

House of Representatives
House of Representatives 2020-01-30 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain

States
House of Representatives 2020-01-30 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain

Credit
116 HR 5720 IH: To amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads, and for other purposes

End Bill TEXT Points.

Date	Bill	Major Title

2 1 to 12 of 0

Committee Name

2 0 to 12 of 0

Subject	Type

2 1 to 12 of 0

Top

2 1 to 12 of 0