IB 
Union Calendar No. 387 
115TH CONGRESS 
2D SESSION 
H. R. 1153 
[Report No. 115–522] 
To amend the Truth in Lending Act to improve upon the definitions provided 
for points and fees in connection with a mortgage transaction. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 16, 2017 
Mr. HUIZENGA (for himself, Mr. ROYCE of California, Mr. DAVID SCOTT of 
Georgia, Mr. STIVERS, Mr. MEEKS, and Mr. JOYCE of Ohio) introduced 
the following bill; which was referred to the Committee on Financial Serv-
ices 
JANUARY 22, 2018 
Additional sponsors: Mr. MICHAEL F. DOYLE of Pennsylvania, Ms. MCCOL-
LUM, Mrs. WAGNER, Mr. ROSS, Mr. ROTHFUS, Mr. PITTENGER, Mr. 
WALBERG, Mr. DUFFY, Mr. MESSER, Mr. TROTT, Mr. NORMAN, and Mr. 
GOTTHEIMER 
JANUARY 22, 2018 
Committed to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
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A BILL 
To amend the Truth in Lending Act to improve upon the 
definitions provided for points and fees in connection 
with a mortgage transaction. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Mortgage Choice Act 
of 2017’’. 
SEC. 2. DEFINITION OF POINTS AND FEES. 
(a) AMENDMENT TO SECTION 103 OF TILA.—Sec-
tion 103(bb)(4) of the Truth in Lending Act (15 U.S.C. 
1602(bb)(4)) is amended— 
(1) by striking ‘‘paragraph (1)(B)’’ and insert-
ing ‘‘paragraph (1)(A) and section 129C’’; 
(2) in subparagraph (C)— 
(A) by inserting ‘‘and insurance’’ after 
‘‘taxes’’; 
(B) in clause (ii), by inserting ‘‘, except as 
retained by a creditor or its affiliate as a result 
of their participation in an affiliated business 
arrangement (as defined in section 2(7) of the 
Real Estate Settlement Procedures Act of 1974 
(12 U.S.C. 2602(7))’’ after ‘‘compensation’’; 
and 
(C) by striking clause (iii) and inserting 
the following: 
‘‘(iii) the charge is— 
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‘‘(I) a bona fide third-party charge 
not retained by the mortgage originator, 
creditor, or an affiliate of the creditor or 
mortgage originator; or 
‘‘(II) a charge set forth in section 
106(e)(1);’’; and 
(3) in subparagraph (D)— 
(A) by striking ‘‘accident,’’; and 
(B) by striking ‘‘or any payments’’ and in-
serting ‘‘and any payments’’. 
(b) AMENDMENT TO SECTION 129C OF TILA.—Sec-
tion 129C of the Truth in Lending Act (15 U.S.C. 1639c) 
is amended— 
(1) in subsection (a)(5)(C), by striking ‘‘103’’ 
and all that follows through ‘‘or mortgage origi-
nator’’ and inserting ‘‘103(bb)(4)’’; and 
(2) in subsection (b)(2)(C)(i), by striking ‘‘103’’ 
and all that follows through ‘‘or mortgage origi-
nator)’’ and inserting ‘‘103(bb)(4)’’. 
SEC. 3. RULEMAKING. 
Not later than the end of the 90-day period beginning 
on the date of the enactment of this Act, the Bureau of 
Consumer Financial Protection shall issue final regula-
tions to carry out the amendments made by this Act, and 
such regulations shall be effective upon issuance. 
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Union Calendar No. 387 
115TH CONGRESS 
2D SESSION 
H. R. 1153 
[Report No. 115–522] 
A BILL 
To amend the Truth in Lending Act to improve 
upon the definitions provided for points and fees 
in connection with a mortgage transaction. 
JANUARY 22, 2018 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
VerDate Sep 11 2014 
22:24 Jan 22, 2018
Jkt 079200
PO 00000
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