Dear MBA/MW Member,

MBA strongly supports the Hagerty/Reed amendment (Senate Amendment 2358) that would add the Homebuyers Privacy Protection Act of 2024 to the Fiscal Year 2025 National Defense Authorization Act (NDAA). This bipartisan amendment would, if passed, improve the homebuying process by curtailing the abusive use of mortgage credit “trigger leads.” 

Why it matters: Since last year, MBA members have worked to build bipartisan momentum in Congress for legislation to curb the abusive use of trigger leads. A vote in the Senate to add the Homebuyers Privacy Protection Act to this year's NDAA would be a critical step towards curtailing the practice of firms seeking to confuse mortgage applicants by inundating them with phone calls, texts, or direct mail solicitations.

What’s next: MBA and our coalition partners are working with the lead Senate bill (S. 3502) sponsors – and key committee leaders – to advance this proposal when the Senate debates the NDAA and votes on amendments later this month. 

We need you to contact (or thank) your Senators and urge them to cosponsor S. 3502 (if they have not already) and, in turn, vote for the Hagerty/Reed amendment to the NDAA when it's considered!