“ COMPARISON OF LENDING OPTIONS.—The Secretary shall require mortgagees participating in the pilot program to provide information to prospective mortgagors sufficient to allow comparison of the mortgagor’s lending options using the credit scoring model under the pilot program and using the credit scoring model then in effect for mortgagors not opting into the use of the credit scoring model under the pilot program. ”
Al Green
Summary
“H.R. 123”, is a work by Al Green. It explores elements such as mortgagors, credit scoring and pilot program.
Quotes from H.R. 123 (Al Green)
“ 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. ”
