I 
118TH CONGRESS 
2D SESSION 
H. R. 7857 
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. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 2, 2024 
Mr. FITZGERALD (for himself, Mr. MEUSER, and Mr. MOONEY) introduced the 
following bill; which was referred to the Committee on Financial Services 
A BILL 
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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Accurate Credit Re-
porting for Homebuyers Act’’. 
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SEC. 2. REQUIRED DELIVERY OF CREDIT REPORTS AND 
CREDIT SCORES. 
Section 1328 of the Federal Housing Enterprises Fi-
nancial Safety and Soundness Act of 1992 (12 U.S.C. 
4548) is amended— 
(1) by striking ‘‘The Director shall—’’ and in-
serting the following: 
‘‘(a) IN GENERAL.—The Director shall—’’; and 
(2) by adding at the end the following: 
‘‘(b) REQUIRED DELIVERY OF CREDIT REPORT AND 
CREDIT SCORES.— 
‘‘(1) IN
GENERAL.—The Director shall, not 
later than 1 year after the date of the enactment of 
this subsection, by rule, require each enterprise to 
condition the purchase of a residential mortgage 
loan on the delivery of the borrower’s consumer re-
port and credit score from each consumer reporting 
agency that complies and maintains files on con-
sumers on a nationwide basis that— 
‘‘(A) has a consumer report and credit 
score for such borrower; and 
‘‘(B) uses a borrower’s credit score from 
each credit scoring model validated, approved, 
and implemented by the enterprise. 
‘‘(2) EFFECTIVE DATE OF RULE.—The Director 
shall, when issuing the rule required under para-
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graph (1), ensure that such rule takes effect in a 
manner that will prevent substantial market disrup-
tions. 
‘‘(3) DEFINITIONS.—In this subsection: 
‘‘(A) 
CONSUMER
REPORTING
AGENCY 
THAT
COMPILES
AND
MAINTAINS
FILES
ON 
CONSUMERS
ON
A
NATIONWIDE
BASIS.—The 
term ‘consumer reporting agency that compiles 
and maintains files on consumers on a nation-
wide basis’ has the meaning given the term in 
section 603(p) of the Fair Credit Reporting 
Act. 
‘‘(B) CREDIT
SCORE.—The term ‘credit 
score’ has the meaning given the term in sec-
tion 609(f) of the Fair Credit Reporting Act. 
‘‘(C) CONSUMER REPORT.—The term ‘con-
sumer report’ has the meaning given the term 
in section 603(d) of the Fair Credit Reporting 
Act. 
‘‘(D) RESIDENTIAL MORTGAGE.—The term 
‘residential mortgage’ has the meaning given 
the term in section 302(h) of the Federal Home 
Loan Mortgage Corporation Act.’’. 
Æ 
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