US EditionThree Additional States Adopt Laws Regulating Use of Mortgage Trigger Leads - Weiner Brodsky Kider PC
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Three Additional States Adopt Laws Regulating Use of Mortgage Trigger Leads - Weiner Brodsky Kider PC
Three states—Arkansas, Idaho, and Utah—recently adopted new consumer protections with respect to mortgage loan trigger leads. When a consumer applies for a mortgage loan, an early step in the process involves the lender or broker obtaining the prospective borrower’s credit report. “Trigger leads” generally refer to a process where lenders purchase reports from consumer reporting agencies (CRAs) which identify consumers who meet specific criteri…
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