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- S.1195
S.1195: Credit Watch Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about law
- Introduced July 18, 2001
- Latest Major Action July 18, 2001
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (7 Democrats, 1 Republican)
Bill Summary
Credit Watch Act of 2001 - 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| July 18, 2001 |
Introduced in the Senate by Paul S. Sarbanes (D-Md.) |