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United States · Bill · S

S. 1195 (107th)

Credit Watch Act of 2001

referredUnited States· United States Congress· EN

Introduced

18 July 2001

Last action

18 July 2001 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Sarbanes, Paul S. [D-MD], Sen. Mikulski, Barbara A. [D-MD], Sen. Bond, Christopher S. [R-MO], Sen. Reid, Harry [D-NV], Sen. Schumer, Charles E. [D-NY], Sen. Corzine, Jon S. [D-NJ], Sen. Durbin, Richard J. [D-IL], Sen. Reed, Jack [D-RI]

Subjects

Housing

Source updated

19 August 2025

Housing

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Summary

Credit Watch Act of 2001 - Amends the National Housing Act to direct the Secretary of Housing and Urban Development to review, at least annually, the indicators of portfolio risk for insured single family mortgages originated or underwritten by each mortgagee, and compare such risk with comparable mortgages in the same area. Authorizes the Secretary, based upon such comparison, to terminate the approval of a mortgage as an unacceptable insurance risk. Sets forth termination procedures.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 July 2001

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 18 July 2001

    Introduced

    Sponsor introductory remarks on measure. (CR S7882)

    Source: IntroReferral

  3. 18 July 2001

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 18 July 2001

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 18 July 2001

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 18 July 2001

    Open at official source

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Sponsors

Related records

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Sources

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