Text: H.R.2816 — 113th Congress (2013-2014)All Bill Information (Except Text)

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Introduced in House (07/24/2013)


113th CONGRESS
1st Session
H. R. 2816

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.


IN THE HOUSE OF REPRESENTATIVES
July 24, 2013

Mr. Al Green of Texas (for himself, Ms. Chu, Mr. Hinojosa, Mr. Danny K. Davis of Illinois, Mr. Carson of Indiana, Mr. Cleaver, Mr. Perlmutter, and Ms. Moore) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “FHA Alternative Credit Pilot Program Reauthorization Act of 2013”.

SEC. 2. Extension of pilot program.

Section 258(d) of the National Housing Act (12 U.S.C. 1715z–24(d)) is amended by striking “5-year” and inserting “10-year”.