117 S767 IS: Home Loan Quality Transparency Act of 2021 U.S. Senate 2021-03-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II117th CONGRESS1st SessionS. 767IN THE SENATE OF THE UNITED STATESMarch 16, 2021Ms. 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 AffairsA BILLTo amend the Home Mortgage Disclosure Act of 1975 to modify the exemptions from certain disclosure requirements.

1.

Short title

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

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).