[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 767 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                 S. 767

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


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                   IN THE SENATE OF THE UNITED STATES

                             March 16, 2021

 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

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                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

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.''; and
            (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).
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