Statement on the Senate Passage of the MBA-Supported Trigger Leads Bill

WASHINGTON, D.C. (December 17, 2024) — MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of the bipartisan Homebuyers’ Privacy Protection Act (S. 3502) in the U.S. Senate:   

“MBA applauds the Senate for passing legislation we championed to stop the abusive use of mortgage trigger leads while preserving their use in appropriately limited circumstances during a real estate transaction. 

“We commend Senators Jack Reed (D-RI) and Bill Hagerty (R-TN), as well as the bill's 42 bipartisan cosponsors, for their leadership in introducing and passing this important bill, and we implore the House of Representatives, which has more than 90 bipartisan cosponsors of the bill, to pass it during the remaining days of the current Congress. 

“Consumers remain vulnerable to trigger leads abuses heading into the spring homebuying season. Absent a House vote this week, MBA plans to work aggressively with industry stakeholders and members of the 119th Congress to advance this needed change to trigger leads policy as soon as possible.”