Bill118th CongressFiled Apr 2, 2024Finance and Financial Sector
H.R. 7857
Accurate Credit Reporting for Homebuyers Act
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 2, 2024)
Accurate Credit Reporting for Homebuyers Act
This bill requires lenders at government-sponsored enterprises (i.e., Fannie Mae and Freddie Mac) to obtain a borrower’s consumer report and credit score from all three of the national credit reporting agencies when purchasing a residential mortgage loan. Currently, lenders are allowed to use either two or three credit reports.
What just happenedApr 2, 2024
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Fitzgerald, Scott [R-WI-5](R-WI)Sponsor
5 cosponsors5 R
5cosponsors1committees3actions
- Introduced in HouseApr 2, 2024
- Apr 2, 2024IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 2, 2024IntroReferralIntro-H
Introduced in House
- Apr 2, 2024IntroReferral1000
Introduced in House