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- H.R.123
H.R.123: Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
About This Bill
- Introduced Jan. 4, 2021
- Latest Major Action Jan. 4, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Version
- Introduced in House - Jan. 4, 2021
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 4, 2021 |
Referred to the House Committee on Financial Services.
|
| Jan. 4, 2021 |
Introduced in the House by Al Green (D-Texas) |