HR 123 · 116th Congress · Housing and Community Development
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 547.(2020-12-17)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 123, Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Nov 18, 2019As ordered reported by the House Committee on Financial Services on September 20, 2019
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office