surance coverage, by census tract, including
low- and moderate-income neighborhoods, and
the race and gender of policyholders; and
(B) the location of the principal place of
business of insurance agents and the race of
such agents, and the location of the principal
place of business of insurance agents termi-
nated and the race of such agents, by census
tract, including low- and moderate-income
neighborhoods; and
(2) specify the data elements required to be re-
ported under this section and require uniformity in
the definitions of the data elements.
(b) INSURERS.—
(1) AGGREGATE
INFORMATION.—The regula-
tions issued under section 203 shall require that
each insurer for a designated line of insurance under
subparagraph (A) or (B) of section 210(a)(1) shall
compile and submit to the Secretary, for each an-
nual reporting period—
(A) the total number of policies issued in
such line, total exposures covered by such poli-
cies, and total amount of premiums for such
policies, by designated line and by census tract,
including low- and moderate-income neighbor-
hoods, in which the insured risk is located;
(B) the total number of cancellations and
nonrenewals (expressed in terms of policies or
exposures, as determined by the Secretary), by
designated line and by census tract, including
low- and moderate-income neighborhoods, in
which the insured risk is located;
(C) the total number and racial character-
istics of—
(i) licensed agents of such insurer sell-
ing insurance in the designated line, by
census tract, including low- and moderate-
income neighborhoods, in which the agent’s
principal place of business is located; and
(ii) such agents who were terminated
by the insurer, by census tract in which
the agent’s principal place of business was
located; and
(D) for such designated line of insurance,
information that will enable the Secretary to as-
sess the aggregate loss experience for the in-
surer, by census tract, including low- and mod-
erate-income neighborhoods, in which the in-
sured risk is located.
(2) SPECIFICATION
OF
INFORMATION
FOR
ITEMIZED DISCLOSURE.—
(A) IN GENERAL.—The regulations issued
under section 202 regarding annual reporting
requirements for insurers for a designated line
of insurance under subparagraph (A) or (B) of
section 210(a)(1) shall, with respect to policies
issued under the designated line or exposure
units covered by such policies, as determined by
the Secretary—
(i) specify the data elements that shall
be submitted;
(ii) provide for the submission of in-
formation on an individual insurer basis;
(iii) provide for the submission of the
information with the least burden on insur-
ers, particularly small insurers, and insur-
ance agents;
(iv) take into account existing statis-
tical reporting systems in the insurance in-
dustry;
(v) require reporting by census tract,
including low- and moderate-income neigh-
borhoods, in which the insured risk is lo-
cated;
(vi) provide for the submission of in-
formation that—
(I) identifies the designated line,
and subline or coverage type; and
(II) 
where 
applicable, 
distin-
guishes between the type of policy
under each such subline or coverage
type that provides full replacement
cost and all other bases for computing
claims, such as actual cash value and
fair market value;
(vii) provide for the submission of in-
formation that distinguishes policies writ-
ten in a residual market from policies writ-
ten in the voluntary market;
(viii) specify—
(I) whether information shall be
submitted on the basis of policy or ex-
posure unit; and
(II) whether information, when
submitted, shall be aggregated by like
policyholders with like policies, except
that the Secretary shall not permit
such aggregation if it will adversely
affect the accuracy of the information
reported;
(ix) in addition to reporting approvals,
provide for the submission of information
regarding the number of denials, cancella-
tions, and nonrenewals of policies under
the designated line by census tract in
which the insured risk is located, by race,
gender, and income of the policyholder (if
known to the insurer), and by whether the
policy was issued in a voluntary or residual
market; and
(x) provide for the submission of in-
formation on the racial characteristics,
gender, and income levels of policyholders
at the level of detail comparable to that re-
quired by the Home Mortgage Disclosure
Act of 1975 (and the regulations issued
thereunder).
(B) RULES REGARDING OBTAINING RACIAL
INFORMATION.—
(i) WRITING REQUIREMENT.—The in-
formation specified in subparagraph (A)(x)
relating to the racial characteristics of ap-
plicants for, and policyholders of, insur-
(1) AUTHORITY.—Subject to the requirements
under this section, the Secretary shall provide, by
regulation, for the waiver of the applicability of the
provisions of sections 203 and 204 for each insurer
transacting business within a State referred to in
paragraph (2), but only with respect to information
required to be submitted under such sections that
relates to agents or insured risks located in the
State.
(2) REQUIREMENTS.—The Secretary may make
a waiver pursuant to paragraph (1) only with re-
spect to a State that the Secretary determines has
in effect a law or other requirement that—
(A) requires insurers to submit to the
State information that is at least the same or
equivalent to the information that is required to
be submitted to the Secretary pursuant to sec-
tions 203 and 204;
(B) provides for adequate enforcement of
such law or other requirements; and
(C) provides for the same annual reporting
period used by the Secretary under this title
and for submission of the information to the
Secretary in a timely fashion, as determined by
the Secretary.
(3) DURATION.—A waiver pursuant to para-
graph (1) may remain in effect only during the pe-
riod for which the State law or other requirement re-
quired under paragraph (2) remains in effect.
(b) MULTIPLE-STATE AREAS.—In the case of any
census tract that contains area within (1) any State for
which a waiver has been made pursuant to subsection (a),
and (2) any State for which such a waiver has not been
made, the provisions of this title requiring submission of
information to the Secretary regarding such tract or area
shall be considered to apply only to the portion that is
located within the State for which such a waiver has not
been made.
(c) AUTHORITY FOR SECRETARY TO OBTAIN INFOR-
MATION DIRECTLY FROM INSURERS.—If the State for
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
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 shall compile and submit to the Secretary for each
annual reporting period, the following information:
(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-
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
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) made available or disclosed in compliance
with the provisions of paragraph (2), or (B) as pro-
vided in paragraph (3).
(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