State Data Protection Issues

MBA is providing this resource center to its member companies, state and local real estate finance associations, and partner trade groups to help engage with state policymakers working to strengthen their consumer data protection laws. As part of this debate, it is important to recognize not just the necessity of sharing and validating data in real estate finance, but to also appreciate that this system is already subject to robust federal consumer protection laws and rules. State data protection bills must not unintentionally impede homeownership. To help inform the policy discussion on these issues, MBA provides suggested legislative language for consideration in state bills and other support materials and information.

Resources:

• MBA Data Protection Principles
• MBA Proposed Amendment Language for State Legislation
• Sample Letter to Policy Makers Asking for Consideration of Proposed Amendment
• Frequently Asked Questions Regarding Data Protection Legislation
• Suggested Real Estate Finance Industry Talking Points on Data Protection Legislation