The Homebuyers Privacy Protection Act (H.R. 2808) passed through the U.S. Senate with unanimous consent and without amendments late Saturday. The legislation gained approval from the U.S. House of Representatives earlier in June.

The legislation is designed to enact a national prohibition on the misuse of trigger leads. Under this act, companies are prohibited from making credit offers unless the consumer has provided explicit consent or the offer is from their existing mortgage originator, servicer, depository institution or credit union. Additionally, companies must be ready to extend a genuine credit offer, referred to as a “bona fide” details ⇒

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