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Committee backs HB 99 to curb mortgage 'trigger lead' solicitations after credit checks
Summary
The committee unanimously recommended HB 99, which seeks to curb unsolicited solicitations generated after lenders run hard credit pulls for mortgage applications by restricting how lead buyers may contact or misrepresent themselves to applicants.
Representative Bennion presented HB 99, Residential Mortgage Loan Amendments, which would restrict the use of so-called “trigger leads” — data sold after a lender runs a mortgage applicant’s credit pull that third parties then use to solicit the applicant. The committee gave the bill a unanimous favorable recommendation.
The sponsor said the bill would keep mortgage-applicant information from being sold for unsolicited solicitations and modeled the measure on a…
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