A BILL 
To amend the Truth in Lending Act and the Real Estate 
Settlement Procedures Act of 1974 to modify the re-
quirements for community financial institutions with re-
spect to certain rules relating to mortgage loans, and 
for other purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Community Institution 
Mortgage Relief Act of 2015’’. 
SEC. 2. COMMUNITY FINANCIAL INSTITUTION MORTGAGE 
RELIEF. 
(a) EXEMPTION FROM ESCROW REQUIREMENTS FOR 
LOANS HELD BY SMALLER CREDITORS.—Section 129D 
of the Truth in Lending Act (15 U.S.C. 1639d) is amend-
ed— 
(1) by adding at the end the following: 
‘‘(k) SAFE HARBOR FOR LOANS HELD BY SMALLER 
CREDITORS.— 
‘‘(1) IN GENERAL.—A creditor shall not be in 
violation of subsection (a) with respect to a loan if— 
‘‘(A) the creditor has consolidated assets of 
$10,000,000,000 or less; and 
‘‘(B) the creditor holds the loan on the bal-
ance sheet of the creditor for the 3-year period 
beginning on the date of the origination of the 
loan. 
‘‘(2) EXCEPTION FOR CERTAIN TRANSFERS.— 
In the case of a creditor that transfers a loan to an-
other person by reason of the bankruptcy or failure 
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of the creditor, the purchase of the creditor, or a su-
pervisory act or recommendation from a State or 
Federal regulator, the creditor shall be deemed to 
have complied with the requirement under para-
graph (1)(B).’’; and 
(2) by striking the term ‘‘Board’’ each place 
such term appears and inserting ‘‘Bureau’’. 
(b) MODIFICATION
TO
EXEMPTION
FOR
SMALL 
SERVICERS OF MORTGAGE LOANS.—Section 6 of the Real 
Estate Settlement Procedures Act of 1974 (12 U.S.C. 
2605) is amended by adding at the end the following: 
‘‘(n) SMALL SERVICER EXEMPTION.—The Bureau 
shall, by regulation, provide exemptions to, or adjustments 
for, the provisions of this section for a servicer that annu-
ally services 20,000 or fewer mortgage loans, in order to 
reduce regulatory burdens while appropriately balancing 
consumer protections.’’. 
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Union Calendar No. 38 
114TH CONGRESS 
1ST SESSION 
H. R. 1529 
[Report No. 114–57] 
A BILL 
To amend the Truth in Lending Act and the Real 
Estate Settlement Procedures Act of 1974 to 
modify the requirements for community financial 
institutions with respect to certain rules relating 
to mortgage loans, and for other purposes. 
APRIL 6, 2015 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
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