An existing lender, servicer, or account holder is the other route
To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes, section 2, Sec. 2.
Written by .
An existing lender, servicer, or account holder is the other route
The document says “requires”Who acts: consumer reporting agenciesHow: statuteSec. 2 in the PDF
What the document says
“``(II)(aa) has originated a current residential mortgage loan of the consumer to whom the consumer report relates;”
The second way for the other person to meet the condition set out in the paragraph added to section 604(c) of the Fair Credit Reporting Act is an existing relationship with the consumer. The person qualifies if that person originated a current residential mortgage loan of the consumer, is the servicer of such a loan, or is an insured depository institution or credit union that holds a current account for the consumer. The requirement that the transaction be a firm offer of credit or insurance still applies.
What the document actually says
“``(II)(aa) has originated a current residential mortgage loan of the consumer to whom the consumer report relates;”
That sentence, in plain words
The other firm made your home loan and it is still going.
What this is about
This is a second way to pass the test. The firm may also be the one you pay each month. Or it may be a bank or credit union where you have an account.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Homebuyers Privacy Protection Act, Public Law 119-36, sec. 2, 139 Stat. 493 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ36/html/PLAW-119publ36.htm
This page
“An existing lender, servicer, or account holder is the other route,” Homebuyers Privacy Protection Act, section 2, Sec. 2. Read the Mandate, https://readthemandate.org/homebuyers-privacy-protection-act/proposal/sec02-existing-relationship/ (retrieved October 10, 2026).
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