Bill > HJ33

This joint resolution urges the United States Congress to take action against "trigger leads," which are unsolicited mortgage credit offers generated when a potential homebuyer applies for a mortgage. The resolution highlights that these trigger leads subject Montanans to constant, unwanted communications through emails, mail, texts, and phone calls, potentially ranging from nuisance marketing to fraudulent attempts at identity theft. The Montana Legislature asserts that the current federal framework, including the Fair Credit Reporting Act and the Consumer Financial Protection Bureau, has inadequately addressed this issue by allowing these leads to proliferate and providing an ineffective opt-out mechanism. Specifically, the resolution calls on Congress to either curtail or eliminate trigger leads entirely, or at minimum, remove federal preemption that currently prevents states from independently regulating these practices. The resolution emphasizes the importance of protecting consumers' privacy and reducing harassment in the mortgage credit market, and directs the Secretary of State to send a copy of the resolution to Montana's Congressional Delegation to ensure their awareness and potential action.

Business and Industry

https://bills.legmt.gov/#/laws/bill/2/LC4382