HR 7857
118th Congress
House
Finance and Financial Sector
Accurate Credit Reporting for Homebuyers Act
Introduced: April 2, 2024
Introduced by:
Fitzgerald, Scott
Republican
· Wisconsin
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 2024
Referred to the House Committee on Financial Services.
Apr 2, 2024
Introduced in House
Plain-English summary
Accurate Credit Reporting for Homebuyers Act
This bill requires lenders at government-sponsored enterprises (i.e., Fannie Mae and Freddie Mac) to obtain a borrower’s consumer report and credit score from all three of the national credit reporting agencies when purchasing a residential mortgage loan. Currently, lenders are allowed to use either two or three credit reports.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1