Montana legislation · 2025 Regular Session
Montana HB470: Generally revise laws related to trigger leads
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act revising laws relating to mortgages and false and deceptive advertising by prohibiting the use of trigger leads; defining "trigger lead"; providing authority of the banking commissioner to regulate trigger leads; and amending sections 32-9-103 and 32-9-149, mca.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING LAWS RELATING TO MORTGAGES AND FALSE AND DECEPTIVE ADVERTISING BY PROHIBITING THE USE OF TRIGGER LEADS; DEFINING "TRIGGER LEAD"; PROVIDING AUTHORITY OF THE BANKING COMMISSIONER TO REGULATE TRIGGER LEADS; AND AMENDING SECTIONS 32-9-103 AND 32-9-149, MCA." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. False or deceptive advertising -- trigger leads. In order to prevent or mitigate identity theft, in addition to practices identified by the commissioner in rule under 32-9-149, false and deceptive advertising includes the use of a trigger lead as defined in 32-9-103. Section 2. Section 32-9-103, MCA, is amended to read: "32-9-103. Definitions. As used in this part, the following definitions apply: (1) "Administrative or clerical tasks" mean the receipt, collection, and distribution of information common for the processing or underwriting of a loan in the mortgage industry, without performing any analysis of the information, and communication with a consumer to obtain information necessary for the processing or underwriting of a residential mortgage loan. (2) "Advertising" means a commercial message in any medium, including social media and software, that promotes, either directly or indirectly, a residential mortgage loan transaction. (3) "Application" means a request, in any form, for an offer of residential mortgage loan terms or a response to a …
Sponsors
- Falk, Terry (R, 10) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for General Bill Transmittal
- : (H) Tabled in Committee
- : (H) Fiscal Note Printed
- : (H) Fiscal Note Signed
- : (H) Fiscal Note Received
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
- : (H) Fiscal Note Requested
Subjects: Rule Making, Consumer Protection, Information Technology, Communications
Common questions
- What is HB470?
- HB470 is a bill in the Montana Legislature (2025 Regular Session): Generally revise laws related to trigger leads.
- What does HB470 do?
- In its own words: A bill for an act entitled: "an act revising laws relating to mortgages and false and deceptive advertising by prohibiting the use of trigger leads; defining "trigger lead"; providing authority of the banking commissioner to regulate trigger leads; and amending sections 32-9-103 and 32-9-149, mca.".
- What is the status of HB470?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB470?
- Falk, Terry (R, 10).
- Where is the official record for HB470?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC2571
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.