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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Financial Services
    IntroducedJuly 24th, 2013

Bill Details

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Title

FHA Alternative Credit Pilot Program Reauthorization Act of 2013

Official Title

To extend the pilot program under section 258 of the National Housing Act that establishes an automated process for providing alternative credit rating information for mortgagors and prospective mortgagors under certain mortgages.

Summary

FHA Alternative Credit Pilot Program Reauthorization Act of 2013 - Amends the National Housing Act to extend from five to 10 years the pilot program to establishfor 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.

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