IB 
Union Calendar No. 359 
115TH CONGRESS 
2D SESSION 
H. R. 2954 
[Report No. 115–485] 
To amend the Home Mortgage Disclosure Act of 1975 to specify which 
depository institutions are subject to the maintenance of records and 
disclosure requirements of such Act, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 20, 2017 
Mr. EMMER (for himself and Mr. LUETKEMEYER) introduced the following 
bill; which was referred to the Committee on Financial Services 
JANUARY 8, 2018 
Additional sponsors: Mr. DUFFY, Mr. HILL, Mr. LATTA, Mr. ARRINGTON, Mr. 
SMITH of Nebraska, and Mr. ROSS 
JANUARY 8, 2018 
Reported with an amendment, committed to the Committee of the Whole 
House on the State of the Union, and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
[For text of introduced bill, see copy of bill as introduced on June 20, 2017] 
VerDate Sep 11 2014 
22:24 Jan 08, 2018
Jkt 079200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H2954.RH
H2954
daltland on DSKBBV9HB2PROD with BILLS
A BILL 
To amend the Home Mortgage Disclosure Act of 1975 to 
specify which depository institutions are subject to the 
maintenance of records and disclosure requirements of 
such Act, and for other purposes. 
VerDate Sep 11 2014 
21:12 Jan 08, 2018
Jkt 079200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6652
E:\BILLS\H2954.RH
H2954
daltland on DSKBBV9HB2PROD with BILLS
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 ‘‘Home Mortgage Disclo-
sure Adjustment Act’’. 
SEC. 2. DEPOSITORY INSTITUTIONS SUBJECT TO MAINTE-
NANCE OF RECORDS AND DISCLOSURE RE-
QUIREMENTS. 
(a) IN GENERAL.—Section 304 of the Home Mortgage 
Disclosure Act of 1975 (12 U.S.C. 2803) is amended— 
(1) by redesignating subsection (i) as paragraph 
(3) and adjusting the margins accordingly; and 
(2) by inserting before paragraph (3), as so re-
designated, the following: 
‘‘(i) EXEMPTIONS.— 
‘‘(1) CLOSED-END MORTGAGE LOANS.—With re-
spect to a depository institution, the requirements of 
paragraphs (5) and (6) of subsection (b) shall not 
apply with respect to closed-end mortgage loans if the 
depository institution originated less than 500 closed- 
end mortgage loans in each of the 2 preceding cal-
endar years. 
‘‘(2) OPEN-END LINES OF CREDIT.—With respect 
to a depository institution, the requirements of para-
graphs (5) and (6) of subsection (b) shall not apply 
VerDate Sep 11 2014 
21:12 Jan 08, 2018
Jkt 079200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6203
E:\BILLS\H2954.RH
H2954
daltland on DSKBBV9HB2PROD with BILLS
with respect to open-end lines of credit if the deposi-
tory institution originated less than 500 open-end 
lines of credit in each of the 2 preceding calendar 
years.’’. 
(b) TECHNICAL CORRECTION.—Section 304(i)(3) of the 
Home Mortgage Disclosure Act of 1975, as so redesignated 
by subsection (a)(1), is amended by striking ‘‘section 
303(2)(A)’’ and inserting ‘‘section 303(3)(A)’’. 
VerDate Sep 11 2014 
21:12 Jan 08, 2018
Jkt 079200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6203
E:\BILLS\H2954.RH
H2954
daltland on DSKBBV9HB2PROD with BILLS
VerDate Sep 11 2014 
21:12 Jan 08, 2018
Jkt 079200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6203
E:\BILLS\H2954.RH
H2954
daltland on DSKBBV9HB2PROD with BILLS
Union Calendar No. 359 
115TH CONGRESS 
2D SESSION 
H. R. 2954 
[Report No. 115–485] 
A BILL 
To amend the Home Mortgage Disclosure Act of 
1975 to specify which depository institutions are 
subject to the maintenance of records and disclo-
sure requirements of such Act, and for other pur-
poses. 
JANUARY 8, 2018 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
21:12 Jan 08, 2018
Jkt 079200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H2954.RH
H2954
daltland on DSKBBV9HB2PROD with BILLS