Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
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 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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
President
Introduced Jan 9, 2023
Last action Jan 9, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 9, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Jan 9, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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