An Act protecting consumers' privacy in mortgage applications

This bill prohibits certain deceptive practices by mortgage solicitors who use "mortgage trigger leads" (consumer reports obtained when applying for a mortgage, excluding existing loans). It makes it illegal to fail to clearly disclose: (1) that the solicitor isn't affiliated with the original lender, (2) that personal information was purchased without the lender's permission, (3) non-compliance with federal prescreening rules, or (4) contacting consumers who opted out of prescreened offers or are on Do Not Call lists. The law directly affects consumers applying for mortgage loans and the lenders/brokers soliciting them. Violations would be deemed unfair or deceptive under Chapter 93A, with the Attorney General creating implementing regulations.