Homebuyers Privacy Protection Act

# Homebuyers Privacy Protection Act Summary **What It Does** This bill protects the personal financial information of people buying homes. It restricts who can access sensitive data collected during the mortgage application and home-buying process—such as credit scores, income details, and financial records—without a homebuyer's explicit permission. The legislation aims to prevent companies from sharing or selling this information to third parties for marketing or other purposes without consent. **Who It Affects** The bill primarily affects homebuyers and mortgage applicants, as well as the financial institutions, real estate companies, and mortgage lenders that handle their personal data.

These businesses would need to follow stricter rules about how they collect, use, and share consumer information in real estate transactions. **Current Status** The bill passed the Senate and is moving through the legislative process. As of now, it would need to pass the House of Representatives and receive presidential approval to become law.