HR 123
117th Congress
House
Finance and Financial Sector
Congressional oversight
Credit and credit markets
Financial services and investments
Government information and archives
Government studies and investigations
Housing finance and home ownership
Intellectual property
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 4, 2021
Referred to the House Committee on Financial Services.
Jan 4, 2021
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
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1