An Act protecting consumers' privacy in mortgage applications

This bill amends Massachusetts law to protect consumer privacy by regulating how lenders and brokers use information from mortgage applications. It specifically addresses "mortgage trigger leads," which are consumer reports generated when a person applies for credit, and prohibits their use to solicit other loans without proper disclosure. The legislation defines several unfair practices, such as failing to clearly state that a solicitor is not affiliated with the original lender, using purchased data without the applicant's knowledge, or contacting individuals who have opted out of such offers. Additionally, it bans calling consumers who are on federal or state Do Not Call lists based on this information. To enforce these rules, the Attorney General is authorized to create regulations that detail how these privacy protections must be implemented.