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Committee advances bill requiring callers using mortgage-trigger leads to disclose identity and purpose
Summary
House Bill 149 would require solicitations generated from mortgage 'trigger leads' to begin with disclosures that the caller is not the consumer's current lender and that the caller purchased a mortgage lead. The committee voted to send the bill to the House floor with a do-pass recommendation.
The House Business Committee voted Feb. 17 to send House Bill 149 to the full House with a do-pass recommendation. Sponsor Representative Bruce described the bill as a consumer-notification measure addressing so-called mortgage "trigger leads," which are lists generated when consumers apply for mortgages.
Representative Bruce (District 23) told the committee that consumers frequently receive multiple calls after applying for a mortgage because credit-data companies sell application data to lead buyers. He said the bill would not ban the lead market but…
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