Fingerprint Registry in Housing Bill?
OpenMarket.org | Fingerprint Registry in Housing Bill! | John Berlau | May 23 2008 |
earlier this week, a measure creating a federal fingerprint registry totally unrelated to national security passed a U.S. Senate committee almost without notice. The legislation would require thousands of individuals working even tangentially in the mortgage and real estate industries — and not suspected of anything — to send their prints to the feds. The database and fingerprint mandates were tucked into housing and foreclosure assistance bills that on Tuesday passed the Senate Banking Committee by a vote of 19-2.
The measure the committee passed states that “an indvidual may not engage in the business of a loan originator without first … obtaining a unique identifier.” To obtain this “identifier,” an individual is requiredto “furnish” to the newly created Nationwide Mortgage Licensing System and Registry “information concerning the applicant’s identity, including fingerprints for submission” to the FBI and other government agencies.
To track the legislation Visit GovTrack.us and watch bill H.R. 3221: Foreclosure Prevention Act of 2008. Still think we need more government regulation in our life? Me neither.