Section 1 Short title
This Act may be cited as the “FHA Alternative Credit Pilot Program Reauthorization Act of 2017”.
FHA Alternative Credit Pilot Program Reauthorization Act of 2017
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.
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 “14-year”.