[Congressional Record Volume 164, Number 41 (Thursday, March 8, 2018)]
[Senate]
[Page S1614]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 2187. Mr. KAINE submitted an amendment intended to be proposed to
amendment SA 2151 proposed by Mr. Crapo (for himself, Mr. Donnelly, Ms.
Heitkamp, Mr. Tester, and Mr. Warner) to the bill S. 2155, to promote
economic growth, provide tailored regulatory relief, and enhance
consumer protections, and for other purposes; which was ordered to lie
on the table; as follows:
On page 13 of the amendment, strikes lines 11 through 26
and insert the following:
``(1) Closed-end mortgage loans.--With respect to an
insured depository institution or insured credit union, the
requirements of paragraphs (5) and (6) of subsection (b)
shall not apply with respect to closed-end mortgage loans if
the insured depository institution or insured credit union
originated fewer than 100 closed-end mortgage loans in each
of the 2 preceding calendar years.
``(2) Open-end lines of credit.--With respect to an insured
depository institution or insured credit union, the
requirements of paragraphs (5) and (6) of subsection (b)
shall not apply with respect to open-end lines of credit if
the insured depository institution or insured credit union
originated fewer than 100 open-end lines of credit in each of
the 2 preceding calendar years.
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