Accurate Credit Reporting for Homebuyers Act
- Introduced Apr 2
- Committee Apr 2
- Passed House Next
- Passed Senate Not yet
- To President Not yet
- Law Not yet
Where it stands
In committee, Apr 2, 2024Next: House vote
939d ago Apr 2, 2024: Referred to the House Committee on Financial Services.
Final votes
No roll callsNo recorded vote on this bill yet
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Votes
No recorded roll-call vote on this bill yet
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Summary
Accurate Credit Reporting for Homebuyers Act
Full summary1 paragraphs
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.
Library of Congress summary, Apr 2, 2024
Summary versions
- Introduced in HouseApr 2, 2024
Actions
- HouseIntroduced in HouseApr 2, 2024
- HouseReferred to the House Committee on Financial Services.Apr 2, 2024
Bill record
Text versions1
- Introduced in HouseApr 2, 2024PDF: Introduced in House
Committees1
- House Financial Services CommitteeReferred To Apr 2, 2024
Sponsor and cosponsors5 cosponsors
- Rep. Scott Fitzgerald (R-WI-5)Sponsor, Apr 2, 2024
- Alexander Mooney (R-WV-2)OriginalJoined Apr 2, 2024
- Daniel Meuser (R-PA-9)OriginalJoined Apr 2, 2024
- John Rose (R-TN-6)Joined Apr 9, 2024
- Bill Huizenga (R-MI-4)Joined Jun 5, 2024
- Blaine Luetkemeyer (R-MO-3)Joined Jun 11, 2024
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
Short titles
- Accurate Credit Reporting for Homebuyers ActShort Title(s) as Introduced
Official titles
- To require the Director of the Federal Housing Finance Agency to issue a rule to condition the purchase of a residential mortgage loan on the delivery of credit reports and credit scores from each consumer reporting agency that compiles and maintains files on consumers on a nationwide basis, and for other purposes.Official Title as Introduced
Subjects1
Policy area
Related bills0
No related bills listed
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.