House Bill 123
116th Congress(2019-2020)
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Introduced
Introduced in House on Jan 3, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
123
Congress
116
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
No House votes have been held for this bill.
Summary
FHA Alternative Credit Pilot Program Reauthorization Act
This bill reauthorizes a pilot program for an alternative credit rating system for use by mortgage lenders. Specifically, the program provides credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.
12/17/2020
Placed on the Union Calendar, Calendar No. 547.
12/17/2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.
09/20/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.
09/20/2019
Committee Consideration and Mark-up Session Held.
09/19/2019
Committee Consideration and Mark-up Session Held.
09/18/2019
Committee Consideration and Mark-up Session Held.
01/03/2019
Referred to the House Committee on Financial Services.
01/03/2019
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:08 PM