(b) TECHNICAL AND CONFORMING AMENDMENT RE-
LATING TO QUALIFIED THRIFT INVESTMENTS.—Section 
10(m)(4)(C)(ii) of the Home Owners’ Loan Act (12 
U.S.C. 1467a(m)(4)(C)(ii)) is amended by adding at the 
end the following new subclause: 
‘‘(VIII) Loans and leases for 
motor vehicles acquired for personal, 
family, or household purposes.’’. 
SEC. 209. SELLING AND OFFERING OF DEPOSIT PRODUCTS. 
Section 15(h) of the Securities Exchange Act of 1934 
(15 U.S.C. 78o(h)) is amended by adding at the end the 
following new paragraph: 
‘‘(4) SELLING
AND
OFFERING
OF
DEPOSIT 
PRODUCTS.—No law, rule, regulation, or order, or 
other administrative action of any State or political 
subdivision thereof shall directly or indirectly require 
any individual who is an agent of 1 Federal savings 
association (as such term is defined in section 2(5) 
of the Home Owners’ Loan Act (12 U.S.C. 1462(5)) 
in selling or offering deposit (as such term is defined 
in section 3 of the Federal Deposit Insurance Act 
(12 U.S.C. 1813(l)) products issued by such associa-
tion to qualify or register as a broker, dealer, associ-
ated person of a broker, or associated person of a
dealer, or to qualify or register in any other similar 
status or capacity, if the individual does not—
‘‘(A) accept deposits or make withdrawals 
on behalf of any customer of the association; 
‘‘(B) offer or sell a deposit product as an 
agent for another entity that is not subject to 
supervision and examination by a Federal bank-
ing agency (as defined in section 3(z) of the 
Federal Deposit Insurance Act (12 U.S.C. 
1813(z)), the National Credit Union Adminis-
tration, or any officer, agency, or other entity 
of any State which has primary regulatory au-
thority over State banks, State savings associa-
tions, or State credit unions; 
‘‘(C) offer or sell a deposit product that is 
not an insured deposit (as defined in section 
3(m) of the Federal Deposit Insurance Act (12 
U.S.C. 1813(m))); 
‘‘(D) offer or sell a deposit product which 
contains a feature that makes it callable at the 
option of such Federal savings association; or 
‘‘(E) create a secondary market with re-
spect to a deposit product or otherwise add en-
hancements or features to such product inde-
pendent of those offered by the association.’’.
SEC. 210. FUNERAL- AND CEMETERY-RELATED FIDUCIARY 
SERVICES. 
Section 5(n) of the Home Owners’ Loan Act (12 
U.S.C. 1464(n)) is amended by adding at the end the fol-
lowing new paragraph: 
‘‘(11) FUNERAL- AND CEMETERY-RELATED FI-
DUCIARY SERVICES.—
‘‘(A) IN GENERAL.—A funeral director or 
cemetery operator, when acting in such capac-
ity, (or any other person in connection with a 
contract or other agreement with a funeral di-
rector or cemetery operator) may engage any 
Federal savings association, regardless of where 
the association is located, to act in any fidu-
ciary capacity in which the savings association 
has the right to act in accordance with this sec-
tion, including holding funds deposited in trust 
or escrow by the funeral director or cemetery 
operator (or by such other party), and the sav-
ings association may act in such fiduciary ca-
pacity on behalf of the funeral director or ceme-
tery operator (or such other person). 
‘‘(B) DEFINITIONS.—For purposes of this 
paragraph, the following definitions shall apply: 
‘‘(i) CEMETERY.—The term ‘ceme-
tery’ means any land or structure used, or
intended to be used, for the interment of 
human remains in any form. 
‘‘(ii) 
CEMETERY
OPERATOR.—The 
term ‘cemetery operator’ means any person 
who contracts or accepts payment for mer-
chandise, endowment, or perpetual care 
services in connection with a cemetery. 
‘‘(iii) FUNERAL DIRECTOR.—The term 
‘funeral director’ means any person who 
contracts or accepts payment to provide or 
arrange—
‘‘(I) services for the final disposi-
tion of human remains; or 
‘‘(II) funeral services, property, 
or merchandise (including cemetery 
services, property, or merchandise).’’. 
SEC. 211. REPEAL OF QUALIFIED THRIFT LENDER RE-
QUIREMENT 
WITH 
RESPECT 
TO 
OUT-OF-
STATE BRANCHES. 
Section 5(r)(1) of the Home Owners’ Loan Act (12 
U.S.C. 1464(r)(1)) is amended by striking the last sen-
tence.
SEC. 212. SMALL BUSINESS AND OTHER COMMERCIAL 
LOANS. 
(a) ELIMINATION
OF LENDING LIMIT
ON SMALL 
BUSINESS LOANS.—Section 5(c)(1) of the Home Owners’ 
Loan Act (12 U.S.C. 1464(c)(1)) is amended by inserting 
after subparagraph (V) (as added by section 208 of this 
title) the following new subparagraph: 
‘‘(W) SMALL
BUSINESS
LOANS.—Small 
business loans, as defined in regulations which 
the Director shall prescribe.’’. 
(b) INCREASE IN LENDING LIMIT ON OTHER BUSI-
NESS LOANS.—Section 5(c)(2)(A) of the Home Owners’ 
Loan Act (12 U.S.C. 1464(c)(2)(A)) is amended by strik-
ing ‘‘, and amounts in excess of 10 percent’’ and all that 
follows through ‘‘by the Director’’. 
SEC. 213. CLARIFYING CITIZENSHIP OF FEDERAL SAVINGS 
ASSOCIATIONS FOR FEDERAL COURT JURIS-
DICTION. 
Section 5 of the Home Owners’ Loan Act (12 U.S.C. 
1464) is amended by adding at the end the following new 
subsection: 
‘‘(x) HOME STATE CITIZENSHIP.—In determining 
whether a Federal court has diversity jurisdiction over a 
case in which a Federal savings association is a party, the 
Federal savings association shall be considered to be a cit-
izen only of the States in which such savings association
has its home office and its principal place of business (if 
the principal place of business is in a different State than 
the home office).’’. 
SEC. 214. INCREASE IN LIMITS ON COMMERCIAL REAL ES-
TATE LOANS. 
Section 5(c)(2)(B)(i) of the Home Owners’ Loan Act 
(12 U.S.C. 1464(c)(2)(B)(i)) is amended by striking ‘‘400 
percent’’ and inserting ‘‘500 percent’’. 
SEC. 215. REPEAL OF ONE LIMIT ON LOANS TO ONE BOR-
ROWER. 
Subparagraph (A) of section 5(u)(2) of the Home 
Owners’ Loan Act (12 U.S.C. 1464(u)(2)(A)) is amend-
ed—
(1) by striking subclause (I) of clause (ii); 
(2) by redesignating subclauses (II), (III), (IV), 
and (V) of clause (ii) as subclauses (I), (II), (III), 
and (IV), respectively; 
(3) in clause (i)—
(A) by striking ‘‘for any’’ and inserting 
‘‘For any’’; and 
(B) by striking ‘‘; or’’ and inserting a pe-
riod; and 
(4) in clause (ii), by striking ‘‘to develop domes-
tic’’ and inserting ‘‘To develop domestic’’.