H.R. 123 · 114th Congress
FHA Alternative Credit Pilot Program Reauthorization Act of 2015
- Stage
- In committee
- Sponsor
- Al Green
- Introduced
- 2015-01-06
- Latest action
- 2015-01-06 · Introduced in House
Summary
FHA Alternative Credit Pilot Program Reauthorization Act of 2015
Amends the National Housing Act to extend from five to 10 years the pilot program to establish for mortgagees an automated process for providing alternative credit rating information on mortgagors and prospective mortgagors under mortgages on 1- to 4-family residences who have insufficient credit histories for determining their creditworthiness.