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HD 1076

An Act protecting consumers' privacy in mortgage applications

194th Legislature (2025-2026) Introduced by Dan Hunt

Massachusetts bill restricts mortgage lenders' collection and use of personal consumer data, aiming to enhance privacy protections during loan applications.

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Bill Summary · HD 1076

Legislative bill overview

HD 1076 would establish privacy protections for consumers during the mortgage application process in Massachusetts. The bill aims to limit what personal information mortgage lenders can collect, request, or use when evaluating loan applications. It creates new disclosure requirements and potential penalties for lenders who violate these privacy standards.

Why is this important

Mortgage applications require extensive personal financial information, creating vulnerability to data misuse and discrimination. Establishing clear privacy boundaries could protect borrowers from unnecessary data collection, identity theft risks, and potential discriminatory lending practices based on protected characteristics. This reflects growing national concern about financial privacy as digital data collection expands.

Potential points of contention

  • Business compliance costs: Lenders may argue that restrictions on data collection limit their ability to accurately assess creditworthiness and could increase lending costs passed to consumers
  • Federal preemption questions: Mortgage lending is heavily regulated at the federal level; state-level privacy rules could create conflicts with existing federal standards like the Fair Credit Reporting Act
  • Definition ambiguity: The bill's scope depends heavily on how "necessary" information is defined—unclear definitions could create enforcement challenges or unintended loopholes

Compiled from official sources — confirm details with the bill’s official record.

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