---
kind: "section"
citation: "12 U.S.C. § 4514a"
title: "12"
title_heading: "Banks and Banking"
number: "4514a"
heading: "Study and reports on guarantee fees"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4514a"
units:
  - "Chapter 46 — Government Sponsored Enterprises"
  - "Subchapter I — Supervision and Regulation of Enterprises"
  - "Part A — Financial Safety and Soundness Regulator"
---

# §4514a. Study and reports on guarantee fees

- (a) **Ongoing study of fees—** The [Director](/usc/12/4502.md?p=9) shall conduct an ongoing study of fees charged by [enterprises](/usc/12/4502.md?p=10) for guaranteeing a [mortgage](/usc/12/1707.md?p=a).
- (b) **Collection of data—** The [Director](/usc/12/4502.md?p=9) shall, by regulation or order, establish procedures for the collection of data from [enterprises](/usc/12/4502.md?p=10) for purposes of this subsection,[^1] including the format and the process for collection of such data.
- (c) **Reports to Congress—** The [Director](/usc/12/4502.md?p=9) shall annually submit a report to Congress on the results of the study conducted under [subsection (a)](#a), based on the aggregated data collected under [subsection (a)](#a) for the subject year, regarding the amount of such fees and the criteria used by the [enterprises](/usc/12/4502.md?p=10) to determine such fees.
- (d) **Contents of reports—** The reports required under [subsection (c)](#c) shall identify and analyze—
  - (1) the factors considered in determining the amount of the guarantee fees charged;
  - (2) the total revenue earned by the [enterprises](/usc/12/4502.md?p=10) from guarantee fees;
  - (3) the total costs incurred by the [enterprises](/usc/12/4502.md?p=10) for providing guarantees;
  - (4) the average guarantee fee charged by the [enterprises](/usc/12/4502.md?p=10);
  - (5) an analysis of any increase or decrease in guarantee fees from the preceding year;
  - (6) a breakdown of the revenue and costs associated with providing guarantees, based on product type and risk classifications; and
  - (7) a breakdown of guarantee fees charged based on asset size of the originator and the number of loans sold or transferred to an [enterprise](/usc/12/4502.md?p=10).
- (e) **Protection of information—** Nothing in this section may be construed to require or authorize the [Director](/usc/12/4502.md?p=9) to publicly disclose information that is confidential or proprietary.

## Footnotes

[^1]: So in original. Probably should be “section”.

## Source credit

(Pub. L. 110–289, div. A, title VI, § 1601, July 30, 2008, 122 Stat. 2824.)

## Notes

### Editorial Notes

### Codification

Section was enacted as part of the Federal Housing Finance Regulatory Reform Act of 2008, and also as part of the Housing and Economic Recovery Act of 2008, and not as part of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 which comprises this chapter.

### Statutory Notes and Related Subsidiaries

### Definitions

For definitions of terms used in this section, see section 1002(b) of Pub. L. 110–289, set out as a note under section 4511 of this title.