Letter to Congress: Trigger Leads

Subject: Concerns Regarding “Trigger Leads” and Support for Legislation Introduced by Rep. Ritchie Torres [D-NY-15]

Dear Representative Buchanan,

I hope this letter finds you in good health and high spirits. My name is [Your Name], and I am a real estate agent based in [Your City], Florida. I am writing to express my concerns regarding a growing issue in the credit and mortgage industry and to bring your attention to a specific piece of legislation that addresses it.

The issue I am referring to is the practice commonly known as “trigger leads.” This practice has become increasingly problematic during the recent downturn in the market. In essence, trigger leads occur when third-party companies gain access to information about consumers who have recently applied for credit. I firmly believe that such information should remain strictly confidential between the consumer and their chosen service provider.

Unfortunately, these third-party companies exploit the information to inundate consumers with unsolicited text messages and phone calls, often reaching upwards of 100 contacts per day. They use deceitful and unethical practices, such as impersonating others and deliberately misleading consumers, in an attempt to secure new loan opportunities. The lack of accountability and enforcement regarding existing laws that regulate phone calls and text messages is disconcerting.

With that said, I would like to bring your attention to a bill introduced by Representative Ritchie Torres [D-NY-15]. I believe this legislation addresses the issue of trigger leads and could be instrumental in mitigating the negative consequences that stem from this practice.

As your constituent and a professional in the real estate industry, I kindly request that you review this bill and consider supporting it in order to protect consumers and promote ethical business practices within the mortgage industry. Your efforts in addressing this matter would be greatly appreciated by not only myself but also countless consumers who are affected by this pervasive issue.

Thank you for your time and consideration. I look forward to your response on this matter and hope for your support in addressing the issue of trigger leads.

Sincerely,

[Your Name]
[Your Real Estate Agency]
[Address]
[City, State, Zip Code]
[Phone Number]
[Email Address]