Sec. 2. Study regarding privacy of information collected under the Home Mortgage Disclosure Act of 1975

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The Comptroller General of the United States shall conduct a study to determine whether the data required to be published, made available, or disclosed under the final rule, in connection with other publicly available data sources, including data made publicly available under Regulation C (12 C.F.R. 1003) before the effective date of the final rule, could allow for or increase the probability of— exposure of the identity of mortgage applicants or mortgagors through reverse engineering; exposure of mortgage applicants or mortgagors to identity theft or the loss of sensitive personal financial information; the marketing or sale of unfair, deceptive, or abusive financial products to mortgage applicants or mortgagors based on such data; personal financial loss or emotional distress resulting from the exposure of mortgage applicants or mortgagors to identify theft or the loss of sensitive personal financial information; and the potential legal liability facing the Bureau and market participants in the event the data required to be published, made available, or disclosed under the final rule leads or contributes to identity theft or the capture of sensitive personal financial information.

The Comptroller General of the United States shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report that includes— the findings and conclusions of the Comptroller General with respect to the study required under subsection (a); and any recommendations for legislative or regulatory actions that— would enhance the privacy of a consumer when accessing mortgage credit; and are consistent with consumer protections and safe and sound banking operations.

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12 CFR 1003

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Sec. 2

Study regarding privacy of information collected under the Home Mortgage Disclosure Act of 1975

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