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Committee advances bill requiring disclosure by mortgage solicitors using trigger leads
Summary
The House Business Committee voted Feb. 17 to advance House Bill 149 to the full House with a do-pass recommendation; the bill would require solicitation callers using mortgage "trigger leads" to disclose their status and the origin of their lead.
The House Business Committee voted Feb. 17 to send House Bill 149 to the full House with a do-pass recommendation. Sponsor Rep. Bruce described the bill as a measure to reduce consumer confusion when companies contact mortgage applicants using purchased "trigger leads."
Rep. Bruce told the committee that mortgage trigger leads are generated when a consumer applies for a mortgage and credit-reporting companies or other data brokers produce lists that are then sold to mortgage-solicitation companies. "When they call they have a good portion of your information ... it…
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