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Committee advances bill to curb "trigger lead" abuses in mortgage market
2320120 · February 14, 2025
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Summary
A committee advanced House Bill 99 to the Senate floor. The bill creates state-level standards to limit abusive "trigger lead" practices in mortgage marketing, gives the Division of Real Estate authority to cite violators and follows models adopted by several other states.
A Senate committee voted unanimously to advance House Bill 99, the Residential Mortgage Loan Amendments, to the Senate floor.
Representative Binion introduced the bill and said it targets "trigger leads," where a consumer's mortgage credit inquiry leads to the sale of that consumer's contact information to…
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