3.0.0 123 2024-07-24T15:24:11Z 2024-07-24T15:24:11Z House H HR 2023-01-09 118 [Congressional Record Volume 169, Number 7 (Monday, January 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GREEN of Texas:H.R. 123.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18[Page H110]]]> hsba00 Financial Services Committee House Standing Referred to 2023-01-09T22:05:25Z 2023-01-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-01-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-09 Introduced in House IntroReferral 1000 9 Library of Congress G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 N W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2024-02-23 False Finance and Financial Sector Finance and Financial Sector 2023-01-19T14:15:30Z 00 2023-01-09 Introduced in House 2023-01-24T14:57:25Z 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.

]]> Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act Display Title 45 Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act 2024-07-24T15:24:11Z Short Title(s) as Introduced 101 Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act 2024-05-24T13:43:10Z Introduced in House IH Official Title as Introduced 6 To authorize a pilot program under section 258 of the National Housing Act to establish an automated process for providing additional credit rating information for mortgagors and prospective mortgagors under certain mortgages. 2024-03-18T20:10:35Z Introduced in House IH Introduced in House 2023-01-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr123ih/xml/BILLS-118hr123ih.xml 2023-01-09 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.