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Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

USA118th CongressHR-123| House 
| Updated: 1/9/2023
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (1)
Bonnie Watson Coleman (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 must utilize 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.
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Timeline

Bill from Previous Congress

HR 116-123
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

Bill from Previous Congress

HR 117-123
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Jan 9, 2023
Introduced in House
Jan 9, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-123
    Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act


  • Bill from Previous Congress

    HR 117-123
    Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act


  • January 9, 2023
    Introduced in House


  • January 9, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

USA118th CongressHR-123| House 
| Updated: 1/9/2023
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 must utilize 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-123
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

Bill from Previous Congress

HR 117-123
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Jan 9, 2023
Introduced in House
Jan 9, 2023
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-123
    Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act


  • Bill from Previous Congress

    HR 117-123
    Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act


  • January 9, 2023
    Introduced in House


  • January 9, 2023
    Referred to the House Committee on Financial Services.
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (1)
Bonnie Watson Coleman (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted