H.R. 4198 — Introduced in House

I 118th CONGRESS 1st Session H. R. 4198 IN THE HOUSE OF REPRESENTATIVES June 16, 2023Mr. Rose introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend section 604(c) of the Fair Credit Reporting Act to address the treatment of pre-screening report requests, and for other purposes. 1. Short title This Act may be cited as the Protecting Consumers from Abusive Mortgage Leads Act. 2. Treatment of pre-screening report requests Section 604(c) of the Fair Credit Reporting Act (15 U.S.C. 1681b) is amended by adding at the end the following: (4) Treatment of pre-screening report requests If a person requests a report from a consumer reporting agency in connection with a credit transaction involving an extension of credit secured by real estate, such agency may not, solely on the basis of such request, furnish a report to a third party unless such third party has submitted documentation to such agency certifying that such third party has the consumer’s consent or has a current relationship, relating to credit, servicing or other financial services, with such consumer. .