United States Congress
Workforce Mobility Act of 2023
February 1, 2023
Summary
This bill would prohibit mortgage lenders from using an applicant's credit score or credit history as a factor in loan decisions. Instead, lenders must rely on other underwriting criteria such as income, assets, and employment history. The rule applies to all residential mortgage loans and is currently pending before Congress.
AI-generated summary · Sep 9, 2026. Verify with your compliance counsel before acting.
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Source: https://www.congress.gov/bill/118th-congress/s-bill/220
Common questions
- What does "Workforce Mobility Act of 2023" cover?
- This bill would prohibit mortgage lenders from using an applicant's credit score or credit history as a factor in loan decisions. Instead, lenders must…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on February 1, 2023.
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