(1) in subsection (a), by striking paragraphs
(1) and (2) and inserting the following new para-
graphs:
‘‘(1) shall be disclosed to the appropriate Fed-
eral banking agency and subsequently may be made
available in accordance with, and to the extent pro-
vided in, section 552 of title 5, United States Code,
subject to section 552a of such title; and
‘‘(2) may be monitored by the appropriate Fed-
eral banking agency, during the effective period of
the agreement, for purposes of determining the ex-
tent to which the parties to the agreement are com-
plying with the agreement.’’;
(2) by striking subsections (b), (c), (d), (f), (g),
and (h);
(3) by redesignating subsection (e) as sub-
section (b); and
(4) in paragraph (1)(B) of subsection (b) (as so
redesignated by paragraph (3) of this subsection)—
(A) by inserting ‘‘or’’ after the semicolon
at the end of clause (i);
(B) by striking the period at the end of
clause (ii) and inserting ‘‘; or’’; and
(C) by striking clause (iii).
SEC. 306. CONTINUING COMMUNITY REINVESTMENT RE-
QUIREMENT FOR FINANCIAL HOLDING COM-
PANIES.
(a) IN GENERAL.—Section 4(l)(2) of the Community
Reinvestment Act of 1977 (12 U.S.C. 1843(l)(2)) is
amended—
(1) in subparagraph (A), by inserting ‘‘or con-
tinuing’’ after ‘‘commencing’’; and
(2) in subparagraph (B), by inserting ‘‘or main-
taining’’ after ‘‘acquiring’’.
(b) TECHNICAL AND CONFORMING AMENDMENT.—
(1) Paragraph (1) of section 4(m) of the Bank
Holding 
Company 
Act 
of 
1956 
(12 
U.S.C.
1843(m)(1)) is amended by striking ‘‘subsection
(l)(1)’’ and inserting ‘‘paragraph (1) or (2) of sub-
section (l)’’.
(2) Paragraph (2) of section 4(m) of the Bank
Holding 
Company 
Act 
of 
1956 
(12 
U.S.C.
1843(m)(2)) is amended by striking ‘‘subsection
(l)(1)’’ and inserting ‘‘paragraphs (1) and (2) of
subsection (l)’’.
SEC. 307. CHANGES IN REPORTING REQUIREMENTS UNDER
THE HOME MORTGAGE DISCLOSURE ACT OF
1975.
(a) 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 Community Reinvestment Modernization
Act of 2001.’’
(b) INFORMATION ON PRIME AND SUBPRIME MORT-
GAGE LOANS.—
(1) IN GENERAL.—Section 304(b) of the Home
Mortgage Disclosure Act of 1975 (12 U.S.C.
2803(b)) is amended—
(A) by striking ‘‘and’’ at the end of para-
graph (3);
(B) by striking the period at the end of
paragraph (4) and inserting a semicolon; and
(C) by adding at the end the following new
paragraph:
‘‘(5) the number and dollar amount of mort-
gage loans that were subprime loans and the number
and dollar amount of mortgage loans that were not
subprime loans;’’.
(2) SUBPRIME LENDING PROGRAM DEFINED.—
Section 303 of the Home Mortgage Disclosure Act
of 1975 (12 U.S.C. 2802) is amended by adding at
the end the following new paragraph:
‘‘(7) SUBPRIME LOANS.—The term ‘subprime
loan’—
‘‘(A) has the meaning given such term by
the Secretary, in regulations; and
‘‘(B) includes any loan made through a
program maintained by a depository institution
that involves higher interest rates or fees than
traditional mortgage loans.’’.
(c) REPORTING OF ADDITIONAL DATA REQUIRED.—
Section 304(b) of the Home Mortgage Disclosure Act of
1975 (12 U.S.C. 2803(b)) is amended by inserting after
paragraph (5) (as added by subsection (b) of this section)
the following new paragraph:
‘‘(6) information on loan pricing and terms, in-
cluding interest rates, bona fide discount points,
origination fees, financing of lump sum insurance
premium payments, balloon payment, and prepay-
ment penalties; and’’.
(d) REPORTING ON MANUFACTURED HOME LOANS
THAT ARE NOT TREATED BY THE DEPOSITORY INSTITU-
TION AS REAL ESTATE LOANS.—
(1) IN GENERAL.—Section 304(b) of the Home
Mortgage Disclosure Act of 1975 (12 U.S.C.
2803(b)) is amended by inserting after paragraph
(6) (as added by subsection (c) of this section) the
following new paragraph:
‘‘(7) the number and dollar amount of mort-
gage loans secured by manufactured homes (as de-
fined in section 603 of the National Manufactured
Housing Construction and Safety Act of 1974).’’.
(2) MORTGAGE
LOAN
DEFINED
TO
INCLUDE
MANUFACTURED HOME LOANS.—Section 303(1) of
the Home Mortgage Disclosure Act of 1975 (12