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Committee advances bill to curb ‘trigger lead’ marketing after mortgage credit checks
Summary
A legislative committee unanimously advanced House Bill 240 to restrict sales of so-called trigger leads — consumer contact data generated when a lender pulls a credit report for a mortgage application — aiming to reduce confusing solicitations and potential credit-score harm.
A legislative committee voted unanimously to advance House Bill 240, a proposal to limit the commercial sale and use of “trigger leads” generated when a lender pulls a mortgage applicant’s credit report. The bill was identified in committee as LC 520713.
Representative Williams, who presented the bill, described trigger leads as consumer records sold by credit bureaus to other lenders after a mortgage inquiry.…
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