,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ajgg  ,,in ,,the ,,house ,,of  
,,representatives  ,march #ab1 #bjac    
,mr4 ,huizenga of ,michigan 7for        
himself1 ,mr4 ,royce1 ,mr4 ,david ,scott
 of ,georgia1 ,mr4 ,meeks1 ,mr4 ,clay1  
,mr4 ,stivers1 ,mr4 ,peters of          
,michigan1 and ,mr4 ,bachus7 introduced 
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,a ,,bill  ,to amend the     
,truth in ,lending ,act to improve upon 
the definitions provided for points and 
fees in connection with a mortgage      
transaction4  #a4 ,short title ,this    
,act may be cited as the ,consumer      
,mortgage ,choice ,act4  #b4 ,definition
 of points and fees  7a7 ,amendment to  
section #ajc of ,,tila ,section         
#ajc7;bb77#d7 of the ,truth in ,lending 
,act 7#ae ,u4,s4,c4 #afjb7;bb77#d77 is  
amended--  7#a7 by striking paragraph   
7#a77;,b7 and inserting paragraph       
7#a77;,a7 and section #abi;,c2  7#b7 in 
subparagraph 7,a71 by striking except   

interest or the time-price differential 
and inserting the following3  except--  
7i7 interest and the time-price         
differential2 and  7ii7 the amount of   
any loan level price adjustment payment 
set by the ,federal ,national ,mortgage 
,association1 the ,federal ,home ,loan  
,mortgage ,corporation1 the ,federal    
,housing ,administration1 or similar    
governmental entity or                  
government-sponsored enterprise  2  7#c7
 by striking subparagraph 7,b7 and      
inserting the following new             
subparagraph3  7,b7 all compensation    
paid directly by a consumer to a        
mortgage originator1 including a        
mortgage originator that is also the    
creditor in a table-funded transaction1 
but not including compensation paid by a
 mortgage originator or a creditor to an
 individual employed by the mortgage    
originator or creditor  2  7#d7 in      
subparagraph 7,c7--  7,a7 by inserting  
and insurance after taxes2  7,b7 in     
clause 7ii71 by inserting 1 except as   

retained by a creditor or its affiliate 
as a result of their participation in an
 affiliated business arrangement 7as    
defined in section #b7g7 of the ,real   
,estate ,settlement ,procedures ,act of 
#aigd 7#ab ,u4,s4,c4 #bfjb7g77 after    
compensation2 and  7,c7 by striking     
clause 7iii7 and inserting the          
following3  7iii7 the charge is--  7,i7 
a bona fide third-party charge not      
retained by the mortgage originator1    
creditor1 or an affiliate of the        
creditor or mortgage originator2 or     
7,,ii7 a charge set forth in section    
#ajf7;e77#a72  2 and  7#e7 in           
subparagraph 7,d7--  7,a7 by striking   
accident12 and  7,b7 by striking or any 
payments and inserting and any payments4
  7b7 ,amendment to section #abi;,c of  
,,tila ,section #abi;,c of the ,truth in
 ,lending ,act 7#ae ,u4,s4,c4 #afci;c7  
is amended--  7#a7 in subsection        
7a77#e77;,c71 by striking #ajc and all  
that follows through or mortgage        
originator and inserting #ajc7;bb77#d72 

and  7#b7 in subsection 7b77#b77;,c77i71
 by striking #ajc and all that follows  
through or mortgage originator7 and     
inserting #ajc7;bb77#d74