A bill for an act relating to solicitation by a financial institution using prescreened trigger lead information from a consumer report.

This bill prohibits financial institutions (including mortgage lenders and brokers) from using deceptive tactics when soliciting consumers who have already applied for loans with a different institution. It bans failing to clearly disclose lack of affiliation with the consumer's original lender, ignoring opt-outs from prescreened offers, or changing loan terms after an initial offer. The law specifically targets the use of "prescreened" consumer credit report data for these solicitations. It directly affects lenders seeking to contact borrowers who applied elsewhere, ensuring transparency and preventing misleading offers.