Accurate Credit Reporting for Homebuyers Act
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
President
Introduced Apr 2, 2024
Last action Apr 2, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 2, 2024
House · Referred to committee
Referred to the House Committee on Financial Services.
Apr 2, 2024
House · Introduced
Introduced in House
1 primary · 5 co-sponsors
Sponsors
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