489 
sion of credit, as well as to services rendered in connection 
with such transactions. 
‘‘(b) AUTHORITY OF THE SECRETARY.—The Secretary 
is authorized to determine the manner and extent to which 
the provisions of sections 3, 8, 16, 17, 18, and 19 of the 
Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 
2601 et seq.) may reasonably be applied to the transactions 
described in subsection (a), and to grant such exemptions 
as may be necessary to achieve the purposes of this section. 
‘‘(c) DEFINITIONS.—For purposes of this section— 
‘‘(1) the term ‘federally related mortgage loan’ as 
used in sections 3, 8, 16, 17, 18, and 19 of the Real 
Estate Settlement Procedures Act of 1974 (12 U.S.C. 
2601 et seq.) shall include an FHA-insured loan or 
extension of credit made to a borrower for the purpose 
of purchasing a manufactured home that the borrower 
intends to occupy as a personal residence; and 
‘‘(2) the term ‘real estate settlement service’ as 
used in sections 3, 8, 16, 17, 18, and 19 of the Real 
Estate Settlement Procedures Act of 1974 (12 U.S.C. 
2601 et seq.) shall include any service rendered in 
connection with a loan or extension of credit insured 
by the Federal Housing Administration for the pur-
chase of a manufactured home.
490 
‘‘(d) UNFAIR AND DECEPTIVE PRACTICES.—In connec-
tion with the purchase of a manufactured home financed 
with a loan or extension of credit insured by the Federal 
Housing Administration under this title, the Secretary 
shall prohibit acts or practices in connection with loans or 
extensions of credit that the Secretary finds to be unfair, 
deceptive, or otherwise not in the interests of the borrower.’’. 
SEC. 2150. LEASEHOLD REQUIREMENTS. 
Subsection (b) of section 2 of the National Housing 
Act (12 U.S.C. 1703(b)), as amended by the preceding pro-
visions of this title, is further amended by adding at the 
end the following new paragraph: 
‘‘(11) LEASEHOLD REQUIREMENTS.—No insur-
ance shall be granted under this section to any such 
financial institution with respect to any obligation 
representing any such loan, advance of credit, or pur-
chase by it, made for the purposes of financing a 
manufactured home which is intended to be situated 
in a manufactured home community pursuant to a 
lease, unless such lease— 
‘‘(A) expires not less than 3 years after the 
origination date of the obligation; 
‘‘(B) is renewable upon the expiration of the 
original 3 year term by successive 1 year terms; 
and
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‘‘(C) requires the lessor to provide the lessee 
written notice of termination of the lease not less 
than 180 days prior to the expiration of the cur-
rent lease term in the event the lessee is required 
to move due to the closing of the manufactured 
home community, and further provides that fail-
ure to provide such notice to the mortgagor in a 
timely manner will cause the lease term, at its 
expiration, to automatically renew for an addi-
tional 1 year term.’’. 
TITLE 
II—MORTGAGE 
FORE-
CLOSURE PROTECTIONS FOR 
SERVICEMEMBERS 
SEC. 2201. TEMPORARY INCREASE IN MAXIMUM LOAN 
GUARANTY AMOUNT FOR CERTAIN HOUSING 
LOANS GUARANTEED BY THE SECRETARY OF 
VETERANS AFFAIRS. 
Notwithstanding 
subparagraph 
(C) 
of 
section 
3703(a)(1) of title 38, United States Code, for purposes of 
any loan described in subparagraph (A)(i)(IV) of such sec-
tion that is originated during the period beginning on the 
date of the enactment of this Act and ending on December 
31, 2008, the term ‘‘maximum guaranty amount’’ shall 
mean an amount equal to 25 percent of the higher of—
492 
(1) the limitation determined under section 
305(a)(2) of the Federal Home Loan Mortgage Cor-
poration Act (12 U.S.C. 1454(a)(2)) for the calendar 
year in which the loan is originated for a single-fam-
ily residence; or 
(2) 125 percent of the area median price for a 
single-family residence, but in no case to exceed 175 
percent of the limitation determined under such sec-
tion 305(a)(2) for the calendar year in which the loan 
is originated for a single-family residence. 
SEC. 2202. COUNSELING ON MORTGAGE FORECLOSURES 
FOR MEMBERS OF THE ARMED FORCES RE-
TURNING FROM SERVICE ABROAD. 
(a) IN GENERAL.—The Secretary of Defense shall de-
velop and implement a program to advise members of the 
Armed Forces (including members of the National Guard 
and Reserve) who are returning from service on active duty 
abroad (including service in Operation Iraqi Freedom and 
Operation Enduring Freedom) on actions to be taken by 
such members to prevent or forestall mortgage foreclosures. 
(b) ELEMENTS.—The program required by subsection 
(a) shall include the following: 
(1) Credit counseling. 
(2) Home mortgage counseling.
493 
(3) Such other counseling and information as the 
Secretary considers appropriate for purposes of the 
program. 
(c) TIMING OF PROVISION OF COUNSELING.—Coun-
seling and other information under the program required 
by subsection (a) shall be provided to a member of the 
Armed Forces covered by the program as soon as practicable 
after the return of the member from service as described in 
subsection (a). 
SEC. 
2203. 
ENHANCEMENT 
OF 
PROTECTIONS 
FOR 
SERVICEMEMBERS RELATING TO MORTGAGES 
AND MORTGAGE FORECLOSURES. 
(a) EXTENSION OF PERIOD OF PROTECTIONS AGAINST 
MORTGAGE FORECLOSURES.— 
(1) EXTENSION OF PROTECTION PERIOD.—Sub-
section (c) of section 303 of the Servicemembers Civil 
Relief Act (50 U.S.C. App. 533) is amended by strik-
ing ‘‘90 days’’ and inserting ‘‘9 months’’. 
(2) EXTENSION OF STAY OF PROCEEDINGS PE-
RIOD.—Subsection (b) of such section is amended by 
striking ‘‘90 days’’ and inserting ‘‘9 months’’. 
(b) TREATMENT
OF MORTGAGES
AS OBLIGATIONS 
SUBJECT TO INTEREST RATE LIMITATION.—Section 207 of 
the Servicemembers Civil Relief Act (50 U.S.C. App. 527) 
is amended—