Idaho Bills

Adds to existing law to provide for consumer privacy in mortgage applications.

This bill seeks to amend Chapter 31, Title 26 of the Idaho Code by adding a new section, 26-31-211A, aimed at enhancing consumer privacy in mortgage applications. It defines the term "mortgage trigger lead" and outlines prohibited practices regarding the solicitation of consumers based on these leads. Currently, such leads result in consumers being contacted by mortgage creditors, often causing confusion as they are unable to distinguish whether the call is from their actual mortgage lender or another company attempting to solicit their business.