The Secretary shall conduct an extensive study of the root causes of default and foreclosure of home loans, using as much empirical data as is available.

Not later than 6 months after July 30, 2008, the Secretary shall submit to Congress a preliminary report regarding the study required by this section.

Not later than 12 months after July 30, 2008, the Secretary shall submit to Congress a final report regarding the results of the study required by this section, which shall include any recommended legislation relating to the study, and recommendations for best practices and for a process to provide targeted assistance to populations with the highest risk of potential default or foreclosure.

(Pub. L. 110–289, div. A, title V, §1517, July 30, 2008, 122 Stat. 2824; Pub. L. 111–203, title X, §1100(3), July 21, 2010, 124 Stat. 2106.)

Pub. L. 111–203, title X, §§1100(3), 1100H, July 21, 2010, 124 Stat. 2106, 2113, provided that, effective on the designated transfer date, this section is amended by substituting “Director” for “Secretary” wherever appearing. See Effective Date of 2010 Amendment note below.

Amendment by Pub. L. 111–203 effective on the designated transfer date, see section 1100H of Pub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.