This Act amends the Fair Credit Reporting Act to significantly restrict how consumer reporting agencies can furnish consumer reports related to residential mortgage loan applications. Its primary purpose is to enhance consumer privacy by limiting the widespread sharing of credit information that often follows an initial mortgage inquiry. Specifically, if a consumer report is requested for a residential mortgage loan, the agency is prohibited from furnishing that report to another person unless two conditions are met. First, the transaction must involve a firm offer of credit or insurance . Second, the other person must either have the consumer's explicit authorization or an existing relationship with the consumer, such as being the originator or servicer of a current residential mortgage loan, or an insured depository institution or credit union holding a current account for the consumer. The Act will take effect 180 days after its enactment. Additionally, it mandates the Comptroller General of the United States to conduct a study on the value of "trigger leads" received by text message, with a report to Congress due within 12 months.