HR 123
116th Congress
House
Housing and Community Development
Consumer credit
Government information and archives
Government lending and loan guarantees
Housing finance and home ownership
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Everywhere this bill has been
8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2020
Placed on the Union Calendar, Calendar No. 547.
Dec 17, 2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.
Sep 20, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.
Sep 20, 2019
Committee Consideration and Mark-up Session Held.
Sep 19, 2019
Committee Consideration and Mark-up Session Held.
Sep 18, 2019
Committee Consideration and Mark-up Session Held.
Jan 3, 2019
Referred to the House Committee on Financial Services.
Jan 3, 2019
Introduced in House
Plain-English summary
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.
What's happening now
Placed on the Union Calendar, Calendar No. 547.
Committees of jurisdiction
1