H.R. 123 — Introduced in House

I 116th CONGRESS 1st Session H. R. 123 IN THE HOUSE OF REPRESENTATIVES January 3, 2019Mr. Green of Texas introduced the following bill; which was referred to the Committee on Financial Services A BILL 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. 1. Short title This Act may be cited as the FHA Additional Credit Pilot Program Reauthorization Act. 2. Authorization of pilot program (a) Establishment The Secretary of Housing and Urban Development shall establish and carry out the pilot program under section 258 of the National Housing Act (12 U.S.C. 1715z–24), as amended by subsection (b) of this section. (b) Sunset Subsection (d) of section 258 of the National Housing Act (12 U.S.C. 1715z–24(d)) is amended by striking 5-year period beginning on the date of the enactment of the Building American Homeownership Act of 2008 and inserting 14-year period beginning on the date of the enactment of the FHA Additional Credit Pilot Program Reauthorization Act.