Rep. Waters Tackles Mortgage Woes Created by Medical Debts

April 26, 2013
Housing Wire 

U.S. Rep. Maxine Waters (D-Calif.) on April 26 introduced HR 1767, which proposes to wipe "paid medical debts" from a borrower's credit report within 45 days. Permitted to remain indefinitely, she is concerned, this information could drag down consumers' credit scores and impair their access to home loans and other credit. Her bill is the companion legislation to a measure proposed by Sen. Jeff Merkley (D-Ore.) in the upper chamber. Waters and co-sponsors of her bill have also requested that the Government Accountability Office evaluate the fairness and transparency of medical financing options.
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