H.R. 123: FHA Additional Credit Pilot Program Reauthorization Act
CBO Score
$9 million
Documentation
Date of Report
Mon November 18th, 2019
Notes
Offsetting collections (removed from estimate)
CBO Report Details
Legislation Details
116th Congress
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.
Sponsor: Rep. Al Green — D — TX
Authorizes appropriations for the Federal Housing Administration (FHA) to create a pilot program for a credit-scoring system using alternative data and permits FHA to insure mortgages for homebuyers who meet credit score requirements that are based on that alternative data.
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