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 from using deceptive practices when soliciting consumers who have already applied for loans with another lender, using pre-screened credit report data. It requires clear disclosure that the soliciting institution isn't affiliated with the consumer's original lender, mandates firm credit offers, and bans contacting consumers who opted out of prescreened offers or are on federal do-not-call lists. Financial institutions violating these rules face penalties under existing consumer protection law. The bill directly affects banks, mortgage brokers, and consumers seeking loan comparisons.