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United States · Bill · S

S. 2806 (106th)

Credit Watch Act of 2000

referredUnited States· United States Congress· EN

Introduced

28 June 2000

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

Credit Watch Act 2000 - 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.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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