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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
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 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
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 Plain-English summary Congressional Research Service

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 April 2, 2024

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 3
Luetkemeyer, Blaine
· Jun 11, 2024
 R
Huizenga, Bill
Michigan · Jun 5, 2024
 R
Rose, John W.
Tennessee · Apr 9, 2024
 R
Meuser, Daniel
Pennsylvania · Apr 2, 2024
Mooney, Alexander
· Apr 2, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7857: Accurate Credit Reporting for Homebuyers Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-7857/
MLA
"H.R. 7857: Accurate Credit Reporting for Homebuyers Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-7857/.
Bluebook (legal)
H.R. 7857, 118th Cong. (2026), https://openamerica.io/bill/118-HR-7857/.
Markdown link
[H.R. 7857: Accurate Credit Reporting for Homebuyers Act](https://openamerica.io/bill/118-HR-7857/)
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