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.
Summary
What This Bill Does
The bill requires short title This Act may be cited as the Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act and provides pilot program for borrowers without sufficient credit history Section 258 of the National Housing Act (12 U.S.C. It relies on compliance mandates, definition changes, appropriations, and reporting requirements. The main policy areas are Homeowners, Housing, Environment, and Finance.
Who Benefits and How
Lobbyists, political organizations, and disclosure users affected by the bill could face lower compliance burdens, Homeowners, tenants, or housing market participants affected by the bill could face lower compliance burdens, and Financial services firms and customers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties.
Key Provisions
- Requires short title This Act may be cited as the Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act.
- Provides pilot program for borrowers without sufficient credit history Section 258 of the National Housing Act (12 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires short title This Act may be cited as the Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act and provides pilot program for borrowers without sufficient credit history Section 258 of the National Housing Act (12 U.S.C.
Key Policy Areas
Homeowners, Housing, Environment, Finance
Primary Purpose
The bill requires short title This Act may be cited as the Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act and provides pilot program for borrowers without sufficient credit history Section 258 of the National Housing Act (12 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Lobbyists, political organizations, and disclosure users affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Homeowners, tenants, or housing market participants affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Green of Texas introduced the following bill; which was …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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