- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Financial ServicesIntroducedJuly 24th, 2013
- house Committees
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FHA Alternative Credit Pilot Program Reauthorization Act of 2013
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.
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.