[Congressional Record Volume 153, Number 189 (Tuesday, December 11, 2007)]
[Extensions of Remarks]
[Page E2537]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




         MORTGAGE REFORM AND ANTI-PREDATORY LENDING ACT OF 2007

                                 ______
                                 

                               speech of

                            HON. BRAD MILLER

                           of north carolina

                    in the house of representatives

                      Thursday, November 15, 2007

       The House in Committee of the Whole House on the State of 
     the Union had under consideration the bill (H.R. 3915) to 
     amend the Truth in Lending Act to reform consumer mortgage 
     practices and provide accountability for such practices, to 
     establish licensing and registration requirements for 
     residential mortgage originators, to provide certain minimum 
     standards for consumer mortgage loans, and for other 
     purposes:

  Mr. MILLER of North Carolina. Mr. Chairman, this legislation may be 
interpreted to have the unintended consequence of changing the federal 
regulator governing Farm Credit System lenders, who as mortgage loan 
originators will be subject to the regulatory controls in this 
legislation. As H.R. 3915 progresses through Congress, I intend to work 
with my colleagues to ensure that any regulatory controls resulting 
from this legislation to Farm Credit System institutions are managed by 
their current federal regulator, the Farm Credit Administration.

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