An Act  RELATIVE TO THE CONFIDENTIALITY OF LOAN APPLICATIONS

 

                Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

 

SECTION 1.   Section 51 of Chapter 93 of the General Laws as appearing in the 2004 Official Edition is hereby amended by inserting after (b), the following new paragraphs:—

 

(c) a consumer reporting agency shall not engage in or offer any service whereby the agency sells or otherwise makes available to a third party any information pertaining to a loan application a consumer has made with a bank or credit union as defined in Chapter 167, a mortgage lender as defined in Chapter 255E or an entity subject to section 96 of Chapter 140.

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     House, No.

 

BILL RELATIVE TO THE CONFIDENTIALITY OF LOAN APPLICATIONS

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