Bob Broeksmit’s Statement on the Senate Introduction of MBA-Supported Trigger Leads Bill

U.S. Senators Jack Reed (D-RI) and Bill Hagerty (R-TN) introduced the Homebuyers Privacy Protection Act to protect consumers while preserving the legitimate use of trigger leads in appropriate circumstances during a real estate transaction.

Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, released the following statement about the proposed legislation:

“MBA and its members have led the industry in advocating for legislative reforms to stop the unwanted harassment of consumers resulting from trigger lead abuses. We commend Senators Jack Reed and Bill Hagerty for introducing the Homebuyers Privacy Protection Act to protect consumers while preserving the legitimate use of trigger leads in appropriately narrow circumstances during a real estate transaction.

“We will advocate for this important bipartisan Senate bill, along with the Protecting Consumers from Abusive Mortgage Leads Act (H.R. 4198) introduced earlier this year and led in the House by Reps. John Rose (R-TN) and Ritchie Torres (D-NY), to be passed into law as soon as possible.”