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HJ 33

Resolution to urge U.S. Congress to take action relating to mortgage trigger leads

2025 Regular Session Introduced by Terry Falk

Urges Congress to address mortgage trigger leads by increasing transparency, regulating sale and use of credit-derived leads, and strengthening consumer opt-out protections.

(H) Filed with Secretary of State
#generaljointresolution #credittransactions #financialinstitutions
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Bill Summary · HJ 33

Summary — HJ 33: Resolution to urge U.S. Congress to take action relating to mortgage trigger leads

Status: Joint Resolution — Filed with Secretary of State (May 7, 2025)
Introduced: January 24, 2025
Subject areas: Credit transactions, financial institutions, consumer privacy

Purpose / Intent

HJ 33 is a non‑binding joint resolution urging the U.S. Congress to take legislative or regulatory action to address “mortgage trigger leads.” Its stated intent is to prompt federal attention and possible new protections governing how consumer credit and mortgage‑related data are used to generate marketing leads for lenders and brokers.

What are “mortgage trigger leads”?

Mortgage trigger leads are consumer contact records created when a credit reporting agency or related data firm identifies (or “triggers on”) a consumer’s credit file because of a mortgage‑related inquiry, application, or change. These leads are often sold to mortgage lenders, brokers, and marketers who then contact the consumer with refinance or loan offers. Consumer privacy advocates have raised concerns about lack of notice, targeted marketing, and potential misuse of sensitive financial information.

Key points and requests in the resolution

Because the full text of the resolution is not included here, HJ 33 generally:
- Calls on Congress to evaluate the privacy and consumer‑protection implications of mortgage trigger lead practices.
- Urges consideration of federal measures to increase transparency, limit or regulate the sale and use of such leads, and strengthen consumer opt‑out rights.
- Encourages federal agencies (for example, CFPB or FTC) and lawmakers to develop rules or legislation to protect consumers from unwanted solicitations and potential harms arising from the marketing use of credit data.

(As a resolution, HJ 33 does not itself impose legal requirements on private parties or create enforceable state law; it expresses the state legislature’s position and recommendations to the federal government.)

Who would be affected

  • Consumers/homeowners whose credit or mortgage activity generates trigger leads.
  • Credit reporting agencies, data brokers, and information vendors that compile and sell leads.
  • Mortgage lenders, mortgage brokers, and marketing firms that purchase and use leads.
  • Federal regulators and Congress, which the resolution asks to act.

Procedural history / timeline (selected)

  • Introduced in House: Jan 24, 2025; public hearings and committee action March–April 2025.
  • House readings and passage: 2nd & 3rd readings and committee concurrence in April 2025; adopted on consent calendar.
  • Senate referral, hearings, and concurrence: Referred to Senate Business, Labor & Economic Affairs; committee concurred and Senate concurred on 3rd reading (April 2025).
  • Signed by House Speaker: May 1, 2025; signed by Senate President: May 2, 2025.
  • Filed with Secretary of State: May 7, 2025.

Related legislation

  • Replaces: LC 4382 (listed as the replacing measure).

Potential impact

HJ 33 is primarily a policy statement aiming to spur federal action. If it influences Congress or federal regulators, possible outcomes could include enhanced consumer notice and opt‑out rights, restrictions on sale/use of leads derived from credit files, and clearer regulatory oversight of data brokers and mortgage marketers. Because it is non‑binding, immediate legal effects within the state are limited to expressing the legislature’s views.

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

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