which a waiver has been made pursuant to subsection (a) 
does not submit to the Secretary the information required 
under subsection (a)(2)(A) or submits information that is 
not complete, the Secretary shall require the insurers 
transacting business within the State to submit such infor-
mation directly to the Secretary. 
SEC. 206. REPORTING BY PRIVATE MORTGAGE INSURERS. 
(a) HMDA REPORTING.—On an annual basis, the 
Financial Institutions Examination Council shall deter-
mine the extent to which each insurer providing private 
mortgage insurance is making available to the public and 
submitting to the appropriate agency information regard-
ing such insurance that is equivalent to the information 
regarding mortgages required to be reported under the 
Home Mortgage Disclosure Act of 1975. 
(b) REPORTING UNDER THIS TITLE.— 
(1) CERTIFICATION
OF
NONCOMPLIANCE.—If, 
for any annual period referred to in subsection (a), 
such Council determines that any insurer providing 
private mortgage insurance is not making available 
to the public or submitting the information referred 
to in subsection (a) or that the information made 
available or submitted is not equivalent information 
as described in subsection (a), then the Council shall 
notify the insurer of such noncompliance. If, after 
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the expiration of a reasonable period of time, the in-
surer has not remedied such noncompliance to the 
satisfaction of the Council, then the Council shall 
immediately certify such noncompliance to the Sec-
retary. 
(2) REQUIREMENT.—Upon the receipt of a cer-
tification under paragraph (1), the Secretary shall, 
by order, require such insurer to submit to the Sec-
retary information regarding such insurance that 
complies with the provisions of section 203 that are 
applicable to such insurance. 
SEC. 207. REPORTING OF INFORMATION REGARDING IN-
VESTMENTS BY INSURERS. 
(a) IN GENERAL.—The Secretary of Housing and 
Urban Development shall, by regulation, require that each 
insurer that makes an investment in a property or busi-
ness or extends credit shall compile and submit to the Sec-
retary for each annual reporting period, the following in-
formation: 
(1) DIRECT LOANS.— 
(A) COMMERCIAL REAL ESTATE LOANS.— 
The total number of loans for the purchase of 
commercial real estate made by the insurer, the 
aggregate amount of such loans, and the 
amount of each such loan, by census tract, in-
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cluding low- and moderate-income neighbor-
hoods, in which the real estate for which the 
loan was made is located. 
(B) 
SINGLE-FAMILY
MORTGAGES.—The 
total number of mortgage loans for the pur-
chase of 1- to 4-family dwellings made by the 
insurer, the aggregate amount of such loans, 
and the amount of each such loan, by census 
tract, including low- and moderate-income 
neighborhoods, in which the dwelling for which 
the loan was made is located, which information 
shall be disaggregated by racial characteristics, 
income level, and gender of the borrower under 
the loan. 
(C) 
COMMERCIAL
AND
INDUSTRIAL 
LOANS.—The total number of commercial and 
industrial loans made by the insurer, the aggre-
gate amount of such loans, and the amount of 
each such loan, by census tract, including low- 
and moderate-income neighborhoods, in which 
the property or business involved in the loan is 
located, 
which 
information 
shall 
be 
disaggregated by the size of business of the bor-
rower under the loan and by the ownership 
characteristic of the business, which shall be 
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classified as either minority-owned, women- 
owned, or otherwise-owned. 
(2) LOAN PURCHASES.— 
(A) COMMERCIAL REAL ESTATE LOANS.— 
The total number of loans for the purchase of 
commercial real estate purchased by the in-
surer, the aggregate amount of such loans, and 
the amount of each such loan, by census tract, 
including low- and moderate-income neighbor-
hoods, in which the real estate for which the 
loan was made is located. 
(B) 
SINGLE-FAMILY
MORTGAGES.—The 
total number of mortgage loans for the pur-
chase of 1- to 4-family dwellings purchased by 
the insurer, the aggregate amount of such 
loans, and the amount of each such loan, by 
census tract, including low- and moderate-in-
come neighborhoods, in which the dwelling for 
which the loan was made is located, which in-
formation shall be disaggregated by racial char-
acteristics, income level, and gender of the bor-
rower under the loan. 
(C) 
COMMERCIAL
AND
INDUSTRIAL 
LOANS.—The total number of commercial and 
industrial loans purchased by the insurer, the 
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aggregate amount of such loans, and the 
amount of each such loan, by census tract, in-
cluding low- and moderate-income neighbor-
hoods, in which the property or business in-
volved in the loan is located, which information 
shall be disaggregated by the size of business of 
the borrower under the loan and by the owner-
ship characteristic of the business, which shall 
be classified as either minority-owned, women- 
owned, or otherwise-owned. 
(3) OTHER INVESTMENTS.—For such other in-
vestments made by the insurer as the Secretary may 
designate pursuant to subsection (b), the total num-
ber of such investments, the aggregate amount of 
such investments, and the amount of each such in-
vestment, by census tract, including low- and mod-
erate-income neighborhoods, in which the property 
or business involved in the investment is located, as 
determined by the Secretary, which information shall 
be disaggregated by the size of business of the bor-
rower under the loan and by the ownership char-
acteristic of the business, which shall be classified as 
either minority-owned, women-owned, or otherwise- 
owned. 
(b) DESIGNATION OF OTHER INVESTMENTS.— 
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(1) IN GENERAL.—For purposes of subsection 
(a)(3), the Secretary may designate activities and in-
vestments other than the investments described in 
paragraphs (1) and (2) of subsection (a) for which 
insurers shall compile and submit information under 
this section. 
(2) REQUIREMENT.—In making designations 
under this subsection, the Secretary shall designate 
(A) activities and investments that significantly ben-
efit low- and moderate-income families and persons, 
small businesses in distressed communities, or 
minority- or women-owned businesses, and (B) ac-
tivities and investments that contribute to the cre-
ation of jobs and economic development of distressed 
communities. 
(3) CONSIDERATIONS.—The Secretary shall 
specifically consider for designation under this sub-
section investments in community development fi-
nancial institutions, community development cor-
porations, State-issued bonds, and securities backed 
by State development funds. 
(c) SIZE OF BUSINESS.—The Secretary shall, by reg-
ulation, establish various categories of the sizes of busi-
nesses, for purposes of disaggregating information under 
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paragraphs (1)(C), (2)(C), and (3) of subsection (a) by 
various sizes of businesses. 
SEC. 208. SUBMISSION OF INFORMATION TO SECRETARY 
AND MAINTENANCE OF INFORMATION. 
(a) PERIOD OF MAINTENANCE.—Each insurer re-
quired by this title to compile and submit information to 
the Secretary shall maintain such information for the 3- 
year period beginning upon the conclusion of the annual 
reporting period to which such information relates. The 
Secretary shall maintain any information submitted to the 
Secretary for such period as the Secretary considers ap-
propriate and feasible to carry out the purposes of this 
title and to allow for historical analysis and comparison 
of the information. 
(b) SUBMISSION.—The Secretary shall issue regula-
tions prescribing a standard schedule (taking into consid-
eration the provisions of section 209(a)), format, and 
method for submitting information under this title to the 
Secretary. The format and method of submitting the infor-
mation shall facilitate and encourage the submission in a 
form readable by a computer. Any insurer submitting in-
formation to the Secretary may submit in writing to the 
Secretary any additional information or explanations that 
the insurer considers relevant to the decision by the in-
surer to sell insurance. 
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SEC. 209. AVAILABILITY AND ACCESS SYSTEM. 
(a) AVAILABILITY TO PUBLIC.— 
(1) IN GENERAL.—The Secretary shall main-
tain and make available to the public, in accordance 
with the requirements of this section, any informa-
tion submitted to the Secretary under this title and 
any information compiled by the Secretary under 
this title. 
(2) TIMING.—The Secretary shall make such 
information publicly available on a timetable deter-
mined by the Secretary, but not later than 9 months 
after the conclusion of the annual reporting period 
to which the information relates. 
(b) PUBLIC ACCESS SYSTEM.— 
(1) IMPLEMENTATION.—The Secretary shall 
implement a system to facilitate access to any infor-
mation required to be made available to the public 
under this title. 
(2) BASES OF AVAILABILITY.—The system shall 
provide access in the following manners: 
(A) ACCESS TO ITEMIZED INFORMATION.— 
With respect to information submitted under by 
insurers, on the basis of the insurer submitting 
the information, on the basis of the census 
tract, including low- and moderate-income 
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neighborhoods, and on any other basis the Sec-
retary considers feasible and appropriate. 
(B) ACCESS
TO
AGGREGATE
INFORMA-
TION.—With respect to aggregate information 
compiled by the Secretary, on the basis of (i) 
the insurer submitting the information, and (ii) 
the census tract, including low- and moderate- 
income neighborhoods, and on any other basis 
the Secretary considers feasible and appro-
priate. 
(c) PROTECTIONS
REGARDING
LOSS
INFORMA-
TION.— 
(1) PROHIBITION OF DISCLOSURE OF LOSS IN-
FORMATION.—Notwithstanding any other provision 
of this title, the Secretary may not make available 
to the public or otherwise disclose any information 
submitted under this title regarding the amount or 
number of claims paid by any insurer, the amount 
of losses of any insurer, or the loss experience for 
any insurer, except (A) in the form of a loss ratio 
(expressing the relationship of claims paid to pre-
miums) for the industry aggregate on a census tract 
level. 
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(2) PROTECTION OF IDENTITY OF INSURER.— 
In making available to the public or otherwise dis-
closing a loss ratio for an insurer— 
(A) the Secretary may not identify the in-
surer to which the loss ratio relates; and 
(B) the Secretary may disclose the loss 
ratio only in a manner that does not allow any 
party to determine the identity of the specific 
insurer to which the loss ratio relates, except 
parties having access to information under 
paragraph (3). 
(3) CONFIDENTIALITY
OF
INFORMATION
DIS-
CLOSED TO GOVERNMENTAL AGENCIES.—The Sec-
retary may make information referred to in para-
graph (1) and the identity of the specific insurer to 
which such information relates available to any Fed-
eral entity and any State agency responsible for reg-
ulating insurance in a State and may otherwise dis-
close such information to any such entity or agency, 
but only to the extent such entity or agency agrees 
not to make any such information available or dis-
close such information to any other person. 
SEC. 210. DESIGNATIONS. 
(a) DESIGNATION OF LINES OF INSURANCE.— 
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(1) IN GENERAL.—The Secretary shall, by reg-
ulation, designate lines of insurance as designated 
lines for purposes of this title, as follows: 
(A) AUTOMOBILE.—The Secretary shall 
designate private passenger automobile insur-
ance and shall also designate any sublines and 
coverage types of private passenger automobile 
insurance that the Secretary considers appro-
priate to determine and compare the avail-
ability, affordability, and type of coverage in 
such line among applicable regions. 
(B) NONCOMMERCIAL
INSURANCE
FOR 
RESIDENTIAL PROPERTY.—The Secretary shall 
designate homeowners insurance and dwelling 
fire and allied lines, and shall distinguish the 
coverage types in such lines by the perils cov-
ered and by market or replacement value. For 
purposes of this title, homeowners insurance 
shall not include any renters coverage or cov-
erage for the personal property of a condo-
minium owner. 
(2) REPORT.—At any time the Secretary deter-
mines that any line of insurance not described in 
paragraph (1) should be a designated line because 
disparities in coverage provided under such line exist 
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