994 
(other than members of the Federal Reserve 
System, Federal savings associations, and sav-
ings and loan holding companies) and insured 
State branches of foreign banks; 
‘‘(C) the Director of the Office of Thrift 
Supervision for Federal savings associations 
and savings and loan holding companies; 
‘‘(D) the National Credit Union Adminis-
tration Board for credit unions; and 
‘‘(E) the Secretary of Housing and Urban 
Development for other lending institutions not 
regulated by an agency referred to in subpara-
graphs (A), (B), (C), or (D), 
shall develop regulations prescribing the format for 
such disclosures, the method for submission of the 
data to the appropriate regulatory agency, and the 
procedures for disclosing the information to the pub-
lic. 
‘‘(3) REQUIRED
DISCLOSURES.—The regula-
tions prescribed under paragraph (2) shall require 
the collection of data required to be disclosed under 
subsection (b) with respect to loans sold by each in-
stitution reporting under this title, and, in addition, 
shall require disclosure of the class of the purchaser 
of such loans. 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00994
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
995 
‘‘(4) ADDITIONAL DATA OR EXPLANATIONS.— 
Any reporting institution may submit in writing to 
the Agency or to the appropriate agency such addi-
tional data or explanations as it deems relevant to 
the decision to originate or purchase mortgage 
loans.’’; 
(3) in subsection (i), by striking ‘‘subsection 
(b)(4)’’ and inserting ‘‘paragraphs (4), (5), and (6) 
of subsection (b)’’; 
(4) in subsection (j)— 
(A) by striking ‘‘(as’’ where such term ap-
pears in paragraph (1) and inserting ‘‘(con-
taining loan-level and application-level informa-
tion relating to disclosures required under sub-
sections (a) and (b) and as otherwise’’; 
(B) by striking ‘‘in the format in which 
such information is maintained by the institu-
tion’’ where such term appears in paragraph 
(2)(A), and inserting ‘‘in such formats as the 
Agency may require’’; and 
(C) by striking paragraph (3) and insert-
ing the following new paragraph: 
‘‘(3) CHANGE OF FORM NOT REQUIRED.—A de-
pository institution meets the disclosure requirement 
of paragraph (1) if the institution provides the infor-
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00995
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
996 
mation required under such paragraph in such for-
mats as the Agency may require.’’; and 
(5) by striking paragraph (2) of subsection (m) 
and inserting the following new paragraph: 
‘‘(2) FORM
OF
INFORMATION.—In complying 
with paragraph (1), a depository institution shall 
provide the person requesting the information with 
a copy of the information requested in such formats 
as the Agency may require.’’. 
(d) SECTION 305.—Section 305 of the Home Mort-
gage Disclosure Act of 1975 (12 U.S.C. 2804) is amend-
ed— 
(1) by striking subsection (b) and inserting the 
following new subsection: 
‘‘(b) POWERS OF CERTAIN OTHER AGENCIES.—Com-
pliance with the requirements imposed under this title 
shall be enforced under— 
‘‘(1) section 8 of the Federal Deposit Insurance 
Act, in the case of— 
‘‘(A) national banks, and Federal branches 
and Federal agencies of foreign banks, by the 
head of the agency responsible for chartering 
and regulating national banks; 
‘‘(B) member banks of the Federal Reserve 
System (other than national banks), branches 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00996
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
997 
and agencies of foreign banks (other than Fed-
eral branches, Federal agencies, and insured 
State branches of foreign banks), commercial 
lending companies owned or controlled by for-
eign banks, and organizations operating under 
section 25 or 25(a) of the Federal Reserve Act, 
by the Board; 
‘‘(C) depository institutions insured by the 
Federal Deposit Insurance Corporation (other 
than members of the Federal Reserve System, 
Federal savings associations, and savings and 
loan holding companies) and insured State 
branches of foreign banks, by the Board of Di-
rectors of the Federal Deposit Insurance Cor-
poration; and 
‘‘(D) Federal savings associations, and 
savings and loan holding companies, by the Di-
rector of the Office of Thrift Supervision; 
‘‘(2) subtitle E of the Consumer Financial Pro-
tection Agency Act of 2009, by the Agency; 
‘‘(3) the Federal Credit Union Act, by the Ad-
ministrator of the National Credit Union Adminis-
tration with respect to any credit union; and 
‘‘(4) other lending institutions, by the Secretary 
of Housing and Urban Development. The terms 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00997
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
998 
used in paragraph (1) that are not defined in this 
title or otherwise defined in section 3(s) of the Fed-
eral Deposit Insurance Act (12 U.S.C. 1813(s)) 
shall have the meaning given to them in section 1(b) 
of the International Banking Act of 1978 (12 U.S.C. 
3101). 
The terms used in paragraph (1) that are not defined in 
this title or otherwise defined in section 3(s) of the Federal 
Deposit Insurance Act (12 U.S.C. 1813(s)) shall have the 
meaning given to them in section 1(b) of the International 
Banking Act of 1978.’’; and 
(2) by inserting at the end of section 305 the 
following new subsection: 
‘‘(d) OVERALL ENFORCEMENT AUTHORITY OF THE 
CONSUMER FINANCIAL PROTECTION AGENCY.—Subject 
to section 4202 of the Consumer Financial Protection 
Agency Act of 2009, enforcement of the requirements im-
posed under this title is committed to each of the agencies 
under subsection (b). The Agency may exercise its authori-
ties under the Consumer Financial Protection Agency Act 
of 2009 to exercise principal authority to examine and en-
force compliance by any person with the requirements 
under this title.’’. 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00998
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS
999 
(e) SECTION 306.—Subsection 306(b) of the Home 
Mortgage Disclosure Act of 1975 (12 U.S.C. 2805(b)) is 
amended to read as follows: 
‘‘(b) The Agency may, by regulation, exempt from the 
requirements of this title any State chartered depository 
institution within any State or subdivision of any state if 
the Agency determines that, under the law of such State 
or subdivision, that institution is subject to requirements 
substantially similar to those imposed under this title, and 
that such law contains adequate provisions for enforce-
ment. Notwithstanding any other provision of this sub-
section, compliance with the requirements imposed under 
this subsection shall be enforced by the head of the agency 
responsible for chartering and regulating national banks 
under section 8 of the Federal Deposit Insurance Act in 
the case of national banks and savings association the de-
posits of which are insured by the Federal Deposit Insur-
ance Corporation.’’. 
(f) SECTION 307.—Section 307 of the Home Mort-
gage Disclosure Act of 1975 (12 U.S.C. 2806) is amended 
to read as follows: 
‘‘SEC. 307. RESEARCH AND IMPROVED METHODS. 
‘‘(a) ENHANCED COMPLIANCE IN ECONOMICAL MAN-
NER.— 
VerDate Nov 24 2008 
22:04 Dec 02, 2009
Jkt 089200
PO 00000
Frm 00999
Fmt 6652
Sfmt 6201
E:\BILLS\H4173.IH
H4173
hsrobinson on DSK69SOYB1PROD with BILLS