(B) in section 308, by striking ‘‘subsection 
(b)(4)’’ and inserting ‘‘paragraphs (4) and (5) 
of subsection (b)’’.
(b) PROHIBITION
ON REGULATORY EXEMPTIONS 
FROM REPORTING REQUIREMENTS.—Section 304 of the 
Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2803) 
is amended by adding at the end the following new sub-
section: 
‘‘(n) PROHIBITION ON REGULATORY EXEMPTIONS 
FROM
REPORTING
REQUIREMENTS.—Subject to sub-
section (i)—
‘‘(1) no provision of this title may be construed 
as authorizing the Board, the Secretary, or any 
other Federal agency to exempt any depository insti-
tution from the requirements of this title; and 
‘‘(2) any exemption from the requirements of 
this title provided in any regulation, such as the ex-
emption provided in Appendix A to part 203 of the 
Code of Federal Regulations for lending institutions 
described in section 303(2)(B) whose total dollar 
amount of purchase loans originated in any year did 
not exceed 10 percent of the total dollar amount of 
all loan originations by such institution in such year, 
shall cease to be effective as of the date of the enact-
ment of the Save Our Homes Act.’’.
SEC. 3. TRUTH IN LENDING ACT AMENDMENTS. 
(a) APPLYING HIGH-COST LOAN PROTECTIONS TO 
HOME PURCHASE LOANS AND LOWERING THE THRESH-
OLD FOR HIGH-COST LOANS.—Section 103(aa) of the 
Truth in Lending Act (15 U.S.C. 1602(aa)(1)) is amended 
by striking all that precedes paragraph (2) and inserting 
the following: 
‘‘(aa) HIGH-COST MORTGAGE DEFINED.—
‘‘(1) IN GENERAL.—The term ‘high-cost mort-
gage’, and a mortgage referred to in this subsection, 
means a consumer credit transaction that is secured 
by the consumer’s principal dwelling, other than a 
reverse mortgage transaction, if any of the following 
apply with respect to such consumer credit trans-
action: 
‘‘(A) The annual percentage rate at con-
summation of the transaction exceeds by 5 or 
more percentage points the yield on United 
States Treasury securities having comparable 
periods of maturity (as made available by the 
Board) as of the week immediately preceding 
the week in which the interest rate for the loan 
is established. 
‘‘(B) The mortgage is a variable-rate loan 
in which the annual percentage rate can reason-
ably be expected to increase beyond the thresh-
old established in subparagraph (A).
‘‘(C) Potential or scheduled increases in 
the annual percentage rate of the home loan are 
controlled by the creditor and not directly tied 
to changes in a publicly available rate not con-
trolled by the creditor. 
‘‘(D) The total points and fees payable on 
the transaction will exceed the greater of 3 per-
cent of the total loan amount or $1,000.’’. 
(b) DEFINITION OF ‘‘POINTS AND FEES’’.—Para-
graph (4) of section 103(aa) of the Truth in Lending Act 
(15 U.S.C. 1602(aa)) is amended to read as follows: 
‘‘(4) DEFINITION OF POINTS AND FEES.—
‘‘(A) IN GENERAL.—For purposes of para-
graph (1)(D) and section 129(q), the term 
‘points and fees’ shall include—
‘‘(i) all items included in the finance 
charge, except interest or the time-price 
differential; 
‘‘(ii) all compensation paid directly or 
indirectly to a mortgage broker, including 
a broker that originates a loan in its own 
name in a table-funded transaction;
‘‘(iii) each of the charges listed in sec-
tion 106(e) (except an escrow for future 
payment of taxes and insurance); 
‘‘(iv) the cost of all premiums fi-
nanced by the lender, directly or indirectly, 
for any credit life, credit disability, credit 
unemployment or credit property insur-
ance, or any other life or health insurance, 
or any payments financed by the lender, 
directly or indirectly, for any debt cancella-
tion or suspension agreement or contract, 
except that, for purposes of this subpara-
graph, insurance premiums or debt can-
cellation or suspension fees calculated and 
paid on a monthly basis shall not be con-
sidered financed by the lender; 
‘‘(v) any prepayment penalties to be 
charged on the loan, including the existing 
loan; and 
‘‘(vi) such other charges as the Board 
determines to be appropriate. 
‘‘(B) ITEMS EXCLUDED.—For purposes of 
paragraph (1)(D) and section 129(q), the term 
‘points and fees’ shall not include the following:
‘‘(i) Taxes, filing fees, recording and 
other charges and fees paid or to be paid 
to public officials for determining the exist-
ence of or for perfecting, releasing, or sat-
isfying a security interest. 
‘‘(ii) Fees paid to a person other than 
a creditor or an affiliate of the creditor or 
to the mortgage broker or an affiliate of 
the mortgage broker for any of the fol-
lowing: 
‘‘(I) Fees for flood certification. 
‘‘(II) Fees for pest infestation 
and flood determinations. 
‘‘(III) Appraisal fees. 
‘‘(IV) Fees for inspections per-
formed prior to closing. 
‘‘(V) Credit reports. 
‘‘(VI) Surveys. 
‘‘(VII) Attorneys’ fees (if the bor-
rower has the right to select the attor-
ney from an approved list or other-
wise). 
‘‘(VIII) Notary fees. 
‘‘(IX) Title insurance premiums.
‘‘(X) Fire insurance and flood in-
surance premiums, to the extent that 
the conditions in section 226.4(d)(2) 
of title 12 of the Code of Federal Reg-
ulations, as in effect on the date of 
the enactment of the Save Our Homes 
Act, are met.’’.
(c) COVERAGE
OF HIGH-COST MORTGAGE BRO-
KERS.—
(1) IN GENERAL.—Section 103(f) of the Truth 
in Lending Act (15 U.S.C. 1602(f)) is amended—
(A) by striking ‘‘(f) The term’’ and insert-
ing ‘‘(f) CREDITOR.—
‘‘(1) IN GENERAL.—The term’’; 
(B) by striking the last sentence of para-
graph (1) (as so redesignated by subparagraph 
(A) of this paragraph); and 
(C) by adding at the end the following new 
paragraph: 
‘‘(2) OTHER PERSONS INCLUDED.—Any of the 
following persons shall be treated as a creditor for 
purposes of this title: 
‘‘(A) Any person who originates 2 or more 
high-cost mortgages in any 12-month period.
‘‘(B) Any person who originates 1 or more 
high-cost mortgages through a mortgage broker 
in any 12-month period. 
‘‘(C) Any person who acted as a mortgage 
broker between originators and consumers on 
more than 5 high-cost mortgages in any 12-
month period. 
‘‘(D) Any person who is an affiliate (as de-
fined in section 129(k)) of a creditor, or a per-
son treated under this paragraph as a creditor, 
with respect to high-cost mortgages.’’. 
(2) LIABILITY OF CREDITOR FOR VIOLATIONS 
BY MORTGAGE BROKER.—Section 130 of the Truth 
in Lending Act (15 U.S.C. 1640) is amended by 
adding at the end the following new subsection: 
‘‘(j) LIABILITY OF CREDITOR FOR VIOLATIONS BY 
MORTGAGE BROKER.—In the case of any credit extended 
to a consumer by a creditor through a mortgage broker, 
the creditor shall be liable under this section to the con-
sumer for any violation of any requirement of this title, 
or regulations prescribed under this title, by the mortgage 
broker in connection with such extension of credit.’’. 
(d) PROHIBITED PRACTICES FOR HIGH-COST HOME 
LOANS.—Section 129 of the Truth in Lending Act (15 
U.S.C. 1639) is amended—
(1) in subsection (e), by striking ‘‘of less than 
five years’’; 
(2) by striking subsections (c), (f), and (h); 
(3) by redesignating subsections (d), (e), (g), 
and (i) as subsections (c), (d), (e), and (f), respec-
tively; and 
(4) by inserting after subsection (f) (as so re-
designated by paragraph (3) of this subsection) the 
following new subsections: 
‘‘(g) NO CALL PROVISION.—
‘‘(1) IN GENERAL.—A high-cost mortgage may 
not include terms under which the indebtedness may 
be accelerated by the creditor, in the creditor’s sole 
discretion. 
‘‘(2) EXCEPTION.—Paragraph (1) shall not 
apply when repayment of the loan has been acceler-
ated by default or made pursuant to a due-on-sale 
provision or some other provision of the loan docu-
ments unrelated to the payment schedule.
‘‘(h) NO MODIFICATION OR DEFERRAL FEES.—A 
creditor shall not charge a borrower any fees or other 
charges to modify, renew, extend, or amend a high-cost 
mortgage or to defer any payment due under any such 
mortgage.
‘‘(i) NO
LENDING
WITHOUT
HOME-OWNERSHIP 
COUNSELING.—A creditor shall not enter into a high-cost 
mortgage without having received certification from a 
housing counseling agency (which is certified by the De-
partment of Housing and Urban Development) that the 
borrower has received counseling on the advisability of the 
loan transaction and the appropriateness of the loan for 
the borrower. 
‘‘(j) NO MANDATORY ARBITRATION CLAUSE.—A 
high-cost mortgage may not include terms under which a
mandatory arbitration clause limits in any way the right 
of the borrower to seek relief through the judicial process. 
‘‘(k) NO PREPAYMENT PENALTY.—
‘‘(1) LIMITATION
ON
TERMS.—A high-cost 
mortgage may not contain terms under which a con-
sumer must pay a prepayment penalty for paying all 
or part of the principal before the date on which the 
principal is due. 
‘‘(2) CONSTRUCTION.—For purposes of this 
subsection, any method of computing a refund of un-
earned scheduled interest is a prepayment penalty if 
it is less favorable to the consumer than the actu-
arial method (as that term is defined in section 
933(d)(1) of the Housing and Community Develop-
ment Act of 1992).
‘‘(l) NO NEGATIVE AMORTIZATION.—A high-cost 
mortgage may not include terms under which the out-
standing principal balance will increase at any time over 
the course of the loan because the regular periodic pay-
ments do not cover the full amount of interest due. 
‘‘(m) PROHIBITION ON EXTENDING CREDIT WITH-
OUT REGARD TO PAYMENT ABILITY OF CUSTOMER.—
‘‘(1) IN GENERAL.—No creditor may make a 
high-cost mortgage, unless the creditor reasonably 
believes at the time the loan is consummated that 1 
or more of the obligors, when considered individually 
or collectively, will be able to make the scheduled 
payments to repay the obligation based upon a con-
sideration of their current and expected income, cur-
rent obligations, employment status, and other fi-
nancial resources (other than the borrower’s equity 
in the dwelling which secures repayment of the 
loan). 
‘‘(2) OBLIGOR
DEFINED.—For purposes of 
paragraph (1), the term ‘obligor’ means each bor-
rower, coborrower, cosigner, or guarantor obligated 
to repay a loan. 
‘‘(n) PROHIBITION ON FLIPPING OF HOME LOANS.—
‘‘(1) IN GENERAL.—No creditor may knowingly 
or intentionally engage in the practice of flipping a 
high-cost mortgage. 
‘‘(2) FLIPPING
DEFINED.—For purposes of 
paragraph (1), the term ‘flipping’ means the act of 
making of a new high-cost mortgage to a borrower 
to refinance an existing home loan when the new 
loan does not have a reasonable, tangible net benefit 
to the borrower considering all of the circumstances, 
including the terms of both the new and refinanced 
loans, the cost of the new loan, and the borrower’s 
circumstances. 
‘‘(o) NO ENCOURAGEMENT OF DEFAULT.—No cred-
itor may recommend or encourage default on an existing 
loan or other debt prior to and in connection with the clos-
ing or planned closing of a high-cost mortgage that refi-
nances all or any portion of such existing loan or debt. 
‘‘(p) NO FINANCING
OF CREDIT INSURANCE
OR 
DEBT CANCELLATION CONTRACT.—
‘‘(1) IN GENERAL.—No creditor may finance, 
directly or indirectly, any credit life, credit disability, 
or credit unemployment insurance, or any other life 
or health insurance premiums, including any debt 
cancellation contract, through a high-cost mortgage.
‘‘(2) RULE OF CONSTRUCTION.—Paragraph (1) 
shall not be construed as affecting the right of a 
creditor to require the collection of hazard and mort-
gage insurance premium payments into an escrow 
account in conjunction with the servicing of a high-
cost mortgage to the extent the calculation and serv-
icing of insurance premiums are conducted and re-
ported independently of the high-cost mortgage. 
‘‘(q) RESTRICTION
ON
FINANCING
POINTS
AND 
FEES.—
‘‘(1) LIMIT ON AMOUNT OF POINTS AND FEES 
THAT MAY BE FINANCED.—No creditor may, in con-
nection with the formation or consummation of a 
high-cost mortgage, finance, directly or indirectly, 
any portion of the points, fees, or other charges pay-
able to the creditor or any third party in an amount 
in excess of the greater of 3 percent of the total loan 
amount or $600. 
‘‘(2) PROHIBITION
ON
FINANCING
CERTAIN 
POINTS, FEES, OR CHARGES.—No creditor may, in 
connection with the formation or consummation of a 
high-cost mortgage, finance, directly or indirectly, 
any of the following fees or other charges payable to 
the creditor or any third party:
‘‘(A) Any prepayment fee or penalty re-
quired to be paid by the consumer in connection 
with a loan or other extension of credit which 
is being refinanced by such mortgage if the 
creditor, with respect to such mortgage, or any 
affiliate of the creditor, is the creditor with re-
spect to the loan or other extension of credit 
being refinanced. 
‘‘(B) Any points, fees, or other charges re-
quired to be paid by the consumer in connection 
with such mortgage if—
‘‘(i) the mortgage is being entered 
into in order to refinance an existing high-
cost mortgage of the consumer; and 
‘‘(ii) if the creditor, with respect to 
such new mortgage, or any affiliate of the 
creditor, is the creditor with respect to the 
existing high-cost mortgage which is being 
refinanced. 
‘‘(r) NO LENDING WITHOUT APPRAISAL.—A creditor 
shall not extend credit in connection with a high-cost 
mortgage without first having obtained and made available 
to the prospective borrower a real estate appraisal on the 
property securing the proposed mortgage that—
‘‘(1) fully complies with the Uniform Standards 
of Professional Appraisal Practice prescribed by the 
Appraisal Standards Board of the Appraisal Foun-
dation, in accordance with section 1110(1) of the Fi-
nancial Institutions Reform, Recovery, and Enforce-
ment Act of 1989; and 
‘‘(2) is performed by a qualified State certified 
or licensed appraiser on the roster maintained by the 
Appraisal Subcommittee under section 1109(a)(1) of 
such Act. 
‘‘(s) NO BLANK ITEMS.—A high-cost mortgage docu-
ment in which blanks are left to be filled in after the con-
tract is signed shall not be enforceable under Federal law 
or the law of any State. 
‘‘(t) PAYMENT SCHEDULE REQUIREMENT.—
‘‘(1) IN GENERAL.—No high-cost mortgage may 
contain a scheduled payment that is more than twice 
as large as the average of preceding scheduled pay-
ments. 
‘‘(2) APPLICATION FOR SEASONALLY ADJUSTED 
SCHEDULE PAYMENTS.—In the case of a payment 
schedule for a high-cost mortgage that is adjusted to 
account for the seasonal or irregular income of the 
consumer, the total installments in any year shall
not exceed the amount of 1 year’s worth of pay-
ments on the loan. 
‘‘(3) EXCEPTION FOR BRIDGE LOANS.—
‘‘(A) IN GENERAL.—This paragraph shall 
not apply to a bridge loan. 
‘‘(B) BRIDGE LOAN DEFINED.—For pur-
poses of this paragraph, the term ‘bridge loan’ 
means a loan with a maturity of less than 18 
months that only requires payments of interest 
until the time when the entire unpaid balance 
is due and payable. 
‘‘(u) SAME LANGUAGE REQUIREMENT.—If the dis-
cussions between a creditor and a borrower or potential 
borrower with respect to a high-cost mortgage are con-
ducted primarily in a language other than English, the 
creditor shall, before closing, provide an additional copy 
of all information required to be disclosed to the borrower 
under this title translated into the language in which the 
discussions were conducted. 
‘‘(v) ATTEMPTED EVASION OF COVERAGE.—The pro-
visions of this section shall apply to any person who in 
bad faith attempts to avoid its application by—
‘‘(1) structuring a loan transaction as an open 
end credit plan for the purpose and with the intent 
of evading the provisions of this section when the
loan would have been a high-cost mortgage if the 
loan had been structured as a closed-end loan;
‘‘(2) dividing any loan transaction into separate 
parts for the purpose and with the intent of evading 
the provisions of this section; or 
‘‘(3) engaging in any other such subterfuge for 
the purpose of evading the provisions of this section. 
‘‘(w) CORRECTIONS
AND UNINTENTIONAL VIOLA-
TIONS.—
‘‘(1) IN GENERAL.—A creditor with respect to 
a high-cost mortgage who, when acting in good 
faith, fails to comply with this section, shall not be 
deemed to have violated this section if the creditor 
establishes that either—
‘‘(A) within 30 days of the loan closing 
and prior to the institution of any action under 
this section, the borrower is notified of the com-
pliance failure, appropriate restitution is made, 
and whatever adjustments are necessary are 
made to the loan to either, at the choice of the 
borrower—
‘‘(i) make the high-cost home loan 
satisfy the requirements of this section; or 
‘‘(ii) change the terms of the loan in 
a manner beneficial to the borrower so that
the loan will no longer be considered a 
high-cost mortgage subject to the provi-
sions of this section; or 
‘‘(B) the compliance failure was not inten-
tional and resulted from a bona fide error not-
withstanding the maintenance of procedures 
reasonably adapted to avoid such errors, and 
within 45 days after the discovery of the com-
pliance failure and prior to the institution of 
any action under this section or the receipt of 
written notice of the compliance failure, the 
borrower is notified of the compliance failure, 
appropriate restitution is made, and whatever 
adjustments are necessary are made to the loan 
to either, at the choice of the borrower—
‘‘(i) make the high-cost home loan 
satisfy the requirements of this section; or 
‘‘(ii) change the terms of the loan in 
a manner beneficial to the borrower so that 
the loan will no longer be considered a 
high-cost home loan subject to the provi-
sions of this section. 
‘‘(2) BONA
FIDE
ERROR.—For purposes of 
paragraph (1), examples of a bona fide error include 
clerical, calculation, computer malfunction and pro-
gramming, and printing errors. An error of legal 
judgment with respect to a person’s obligations 
under this section is not a bona fide error.’’. 
(e) CONFIRMATION OF COMPLETION OF HOME IM-
PROVEMENTS REQUIRED.—Section 129(i) of the Truth in 
Lending Act (15 U.S.C. 1639(i)) is amended in the matter 
preceding paragraph (1), by striking ‘‘, other than—’’ and 
inserting ‘‘unless the creditor has received a certification 
of completion or other evidence that the home improve-
ments covered under the contract have been completed 
and then only—’’. 
SEC. 4. REQUIREMENTS FOR ALL CONFORMING HOME 
LOANS. 
(a) IN GENERAL.—Chapter 2 of the Truth in Lend-
ing Act (15 U.S.C. 1601 et seq.) is amended by inserting 
after section 129 the following new section: 
‘‘SEC. 129A. REQUIREMENTS FOR ALL CONFORMING HOME 
LOANS. 
‘‘(a) DEFINITION OF CONFORMING HOME LOAN.—
For the purpose of this section, the term ‘conforming 
home loan’ means a loan, other than an extension of credit 
under an open end credit plan or a reverse mortgage 
transaction, where—
‘‘(1) the principal amount of the loan does not 
exceed the conforming loan size limit for a single-
family dwelling as established from time to time by 
the Federal National Mortgage Association; 
‘‘(2) the borrower is an individual or are indi-
viduals; 
‘‘(3) the debt is incurred by the borrower pri-
marily for personal, family, or household purposes; 
and 
‘‘(4) the loan is secured by a mortgage or deed 
of trust on real estate upon which there is located 
or there is to be located a structure or structures de-
signed principally for occupancy of from 1 to 4 fami-
lies which is or will be occupied by the borrower as 
the borrower’s principal dwelling. 
‘‘(b) APPRAISER INDEPENDENCE.—
‘‘(1) IN GENERAL.—No creditor or mortgage 
broker may, directly or indirectly, coerce, intimidate, 
or withhold compensation from an appraiser for the 
purpose of influencing the independent judgment of 
the appraiser with respect to the value of real estate 
that is to be covered by a conforming home loan or 
is being offered as security according to an applica-
tion for a conforming home loan. 
‘‘(2) CRIMINAL
PENALTY.—Any creditor or 
mortgage broker who knowingly violates paragraph
(1) shall be fined under title 18, United States Code, 
imprisoned for not more than 5 years, or both. 
‘‘(3) CIVIL MONEY PENALTY.—
‘‘(A) IN
GENERAL.—In the case of any 
person who knowingly violates paragraph (1), 
the agency responsible under section 108 for 
enforcing the requirements of this title with re-
spect to such person may impose a civil money 
penalty on the person for each such violation. 
‘‘(B) NEGLIGENCE.—In the case of any 
person who negligently violates paragraph (1), 
the agency responsible under section 108 for 
enforcing the requirements of this title with re-
spect to such person may impose a civil money 
penalty on the person for each such violation. 
‘‘(C) TIME LIMITATIONS.—
‘‘(i) ASSESSMENTS.—An agency re-
ferred to in subparagraph (A) or (B) may 
assess a civil penalty under such subsection 
at any time before the end of the 6-year 
period beginning on the date of the viola-
tion with respect to which the penalty is 
assessed. 
‘‘(ii) CIVIL ACTIONS.—An agency re-
ferred to in subparagraph (A) or (B) may
commence a civil action to recover a civil 
penalty assessed under such subparagraph 
at any time before the end of the 2-year 
period beginning on the later of—
‘‘(I) the date the penalty was as-
sessed; or 
‘‘(II) the date any judgment be-
comes final in any criminal action 
under paragraph (2) in connection 
with the same violation with respect 
to which the penalty is assessed. 
‘‘(D) CRIMINAL PENALTY NOT EXCLUSIVE 
OF CIVIL PENALTY.—A civil money penalty may 
be imposed under this paragraph with respect 
to any violation of paragraph (1) notwith-
standing the fact that a criminal penalty is im-
posed with respect to the same violation. 
‘‘(c) NONCOMPLIANT
LOANS
PROHIBITED
FROM 
MORTGAGE-BACKED SECURITY POOLS.—
‘‘(1) ISSUANCE OF SECURITIES FROM TAINTED 
POOLS PROHIBITED.—No person may issue a secu-
rity representing an interest in or an obligation 
backed by a pool of mortgages, deeds of trust, or 
other security interests created in connection with 
consumer credit transactions secured by principal
dwellings of consumers if such person knows or has 
reason to believe that any high-cost mortgage or 
conforming home loan included in such pool violates 
any provision of this section or section 129. 
‘‘(2) INCLUSION
IN
POOLS.—No creditor or 
other person may knowingly include any high-cost 
mortgage or conforming home loan that violates any 
provision of this section or section 129 in any pool 
described in paragraph (1).’’. 
(b) TECHNICAL AND CONFORMING AMENDMENTS.—
(1) The first sentence of section 130(a) of the 
Truth in Lending Act (15 U.S.C. 1640(a)) is 
amended, in the portion of such section that pre-
cedes paragraph (1), by inserting ‘‘, and to the ex-
tent subject to any requirement of this title, any 
mortgage broker (including any person acting as a 
mortgage broker),’’ after ‘‘any creditor’’. 
(2) Section 130(b) of the Truth in Lending Act 
(15 U.S.C. 1640(b)) is amended—
(A) by striking ‘‘creditor or assignee’’ the 
first place such term appears and inserting 
‘‘creditor, assignee, or, to the extent subject to 
any requirement of this title, any mortgage 
broker (including any person acting as a mort-
gage broker),’’;
(B) by striking ‘‘creditor’s or assignee’s 
own procedures’’ and inserting ‘‘creditor’s, as-
signee’s, or mortgage broker’s own procedure’’; 
and
(C) by striking ‘‘the creditor or assignee 
notifies’’ and inserting ‘‘creditor, assignee, or 
mortgage broker notifies’’. 
(3) Section 130(c) of the Truth in Lending Act 
(15 U.S.C. 1640(c)) is amended—
(A) by striking ‘‘creditor or assignee’’ the 
first place such term appears and inserting 
‘‘creditor, assignee, or, to the extent subject to 
any requirement of this title, any mortgage 
broker (including any person acting as a mort-
gage broker),’’; and 
(B) by striking ‘‘if the creditor or assignee 
shows’’ and inserting ‘‘if the creditor, assignee, 
or mortgage broker shows’’. 
(4) The third sentence of section 130(e) of the 
Truth in Lending Act (15 U.S.C. 1640(e)) is 
amended by inserting ‘‘or 129A’’ after ‘‘section 
129’’. 
(c) CLERICAL AMENDMENT.—The table of sections 
for chapter 2 of the Truth in Lending Act (15 U.S.C.
1601 et seq.) is amended by inserting after the item relat-
ing to section 129 the following new item:
‘‘129A. Requirements for all conforming home loans.’’.
SEC. 5. ALTERNATIVE MAXIMUM AMOUNT OF CIVIL LIABIL-
ITY FOR VIOLATIONS INVOLVING HIGH-COST 
MORTGAGES AND CONFORMING LOANS. 
(a) ALTERNATIVE MAXIMUM AMOUNT OF CIVIL LI-
ABILITY.—Section 129 of the Truth in Lending Act (15 
U.S.C. 1639) is amended by inserting after subsection (w) 
(as added by section 3(d) of this Act) the following new 
subsection: 
‘‘(x) ALTERNATIVE MAXIMUM AMOUNT OF CIVIL LI-
ABILITY.—Notwithstanding any maximum amount limita-
tion contained in section 130, any creditor, and to the ex-
tent subject to any requirement of this title, any mortgage 
broker (including any person acting as a mortgage 
broker), who fails to comply with section 129, in connec-
tion with any high-cost mortgage, or with section 129A, 
in connection with any conforming loan, shall be liable 
for—
‘‘(1) in the case of an individual action, the 
greater of—
‘‘(A) the amount determined under section 
130; or 
‘‘(B) the sum of the amount of the prin-
cipal and the total amount of all finance