United States Congress
Fair COLA for Seniors Act of 2023
February 1, 2023
Summary
This bill is not applicable to mortgage lending operations. It proposes using the Consumer Price Index for Elderly Consumers to calculate cost-of-living adjustments for federal benefits such as Social Security, VA compensation, and military retirement. No direct impact on mortgage originations, servicing, or compliance.
Source: https://www.congress.gov/bill/118th-congress/hr-bill/716
Common questions
- What does "Fair COLA for Seniors Act of 2023" cover?
- This bill is not applicable to mortgage lending operations. It proposes using the Consumer Price Index for Elderly Consumers to calculate cost-of-living…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on February 1, 2023.