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Committee introduces bill to require mortgage solicitors to disclose use of purchased application data
2390321 · February 5, 2025
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Summary
Representative Bruce presented RS32003 to restrict or clarify use of 'mortgage trigger leads' and require solicitors to disclose they are not the consumer’s current lender and that they purchased the lead; the committee voted to introduce the RS.
The House Business Committee voted to introduce RS32003 on Wednesday, an RS sponsored by Representative Bruce that seeks to regulate the use of so-called "mortgage trigger leads" and increase disclosure to consumers.
Representative Bruce said mortgage trigger leads arise when credit-reporting companies sell data from mortgage…
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