Home Loan Quality Transparency Act of 2021

S. 767 · 117th Congress · Mar 16, 2021 · Lineage

A BILL

To amend the Home Mortgage Disclosure Act of 1975 to modify the exemptions from certain disclosure requirements.

Section 1 Short title

This Act may be cited as the “Home Loan Quality Transparency Act of 2021”.

Sec. 2 Exemption from certain disclosure requirements

(a)

In general— Section 304 of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2803) is amended—

(1)

by striking subsection (i) and inserting the following:

“(i) Exemption from certain disclosure requirements—The requirements of paragraphs (4), (5), and (6) of subsection (b) shall not apply with respect to any depository institution described in section 303(3)(A) that has total assets, as of the most recent full fiscal year of the institution, of $30,000,000 or less.”

(2)

by striking subsection (o).

(b)

Technical and conforming amendment— Section 104 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115–174) is amended by striking subsection (b).

Lineage

Mar 16, 2021viewing Introduced in Senate Ms. Cortez Masto (for herself, Ms. Smith, Mr. Durbin, Mr. Brown, Ms. Cantwell, Mr. Menendez, Ms. Warren, Ms. Klobuchar, Mr. Blumenthal, and Mrs. Feinstein) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

Home Loan Quality Transparency Act of 2021

Section 1 Short title

Sec. 2 Exemption from certain disclosure requirements

Cite this provision

Incoming references