Skip to main content
S. 2806 106th Congress Senate

Credit Watch Act of 2000

Official title: A bill to amend the National Housing Act to clarify the authority of the Secretary of Housing and Urban Development to terminate mortgagee origination approval for poorly performing mortgagees.

Introduced: September 11, 2000 See on congress.gov
Housing and Community Development Administrative procedureAdministrative remediesDepartment of Housing and Urban DevelopmentFinance and Financial Sector
More subjectsShow fewer subjects
ForeclosureGovernment Operations and PoliticsGovernment paperworkLawLoan defaultsMortgage guaranty insuranceMortgage loansSingle family housing
Sign in to write a letter Sign in to watch
This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 28, 2000
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 28, 2000
Sponsor introductory remarks on measure. (CR S6020)
Jun 28, 2000
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action June 28, 2000

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service
Credit Watch Act 2000 - Amends the National Housing Act to direct the Secretary of Housing and Urban Development to review, at least annually, the indicators of portfolio risk for insured single family mortgages originated or underwritten by each mortgagee, and compare such risk with comparable mortgages in the same area. Authorizes the Secretary, based upon such comparison, to terminate the approval of a mortgage as an unacceptable insurance risk.

Sets forth termination procedures.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
R
Collins, Susan M.
Maine · Sep 11, 2000
 D
Schumer, Charles E.
New York · Jul 24, 2000
 D
Durbin, Richard J.
Illinois · Jul 10, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2806: Credit Watch Act of 2000. 106th Congress. Open America. https://openamerica.io/bill/106-S-2806/
MLA
"S. 2806: Credit Watch Act of 2000." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-2806/.
Bluebook (legal)
S. 2806, 106th Cong. (2026), https://openamerica.io/bill/106-S-2806/.
Markdown link
[S. 2806: Credit Watch Act of 2000](https://openamerica.io/bill/106-S-2806/)
Report a problem