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91st General Assembly · Funnel one-pager · Monday, November 9, 2026

SSB 1145: Relating to solicitation by a financial institution using prescreened trigger lead information from a consumer report

Became SF 587 · Its progress continues under the new number.

What it does

This bill relates to solicitation by a financial institution using prescreened trigger lead information from a consumer report. Under the bill, a financial institution shall not use an unfair or deceptive practice when using prescreened mortgage trigger lead information derived from a consumer report to solicit a consumer who has applied for a loan with a different financial institution. “Consumer report”, “financial institution”, and “mortgage trigger lead” are defined in the bill. _____ is not affiliated with the financial institution with which the consumer initially applied; fails to conform to state and federal law relating to prescreened solicitations using consumer reports, including but not limited to the requirement to make a firm offer of credit to the consumer; uses information regarding a consumer who has opted out of prescreened offers of credit or who has placed the consumer’s contact information on a federal do-not-call registry; or solicits a consumer with an offer of certain rates, terms, or costs, but subsequently changes the rates, terms, or costs to the detriment of the consumer.

Sponsors

Not listed

Cost

No fiscal note

Senate subcommittee · named February 18, 2025

  • Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov
  • Sen. Matt Blake (D) · matt.blake@legis.iowa.gov
  • Sen. Annette Sweeney (R) · annette.sweeney@legis.iowa.gov

Lobbying · 9 for, 0 against

For: AARP Iowa; Farm Credit Service of America; Greater Des Moines Habitat for Humanity; Habitat for Humanity of Iowa; Home Builders Association of Iowa; Iowa Association of Realtors; Iowa Bankers Association; Iowa Credit Union League; Iowa Mortgage Association

In plain words

  1. February 18, 2025Filed in the Senate and sent to the Commerce committee
  2. February 18, 2025Senate subcommittee named: Koelker, Blake and Sweeney
  3. March 4, 2025Subcommittee recommended passing it with changes
  4. March 6, 2025Approved by the Senate committee, and given a new number: SF 587

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/SSB1145