,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #ajgg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ab1 #bjac ,mr4  
,huiz5ga ( ,mi*igan 7= himself1 ,mr4    
,royce1 ,mr4 ,david ,scott ( ,georgia1  
,mr4 ,meeks1 ,mr4 ,clay1 ,mr4 ,/iv]s1   
,mr4 ,pet]s ( ,mi*igan1 & ,mr4 ,ba*us7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! ,tru? 9 ,l5d+ ,act to
 improve ^u ! def9itions provid$ = po9ts
 & fees 9 connection ) a mortgage       
transaction4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,consum] ,mortgage      
,*oice ,act4  #b4 ,def9ition ( po9ts &  
fees  7a7 ,am5dm5t to section #ajc (    
,,tila ,section #ajc7;bb77#d7 ( ! ,tru? 
9 ,l5d+ ,act 7#ae ,u4,s4,c4             
#afjb7;bb77#d77 is am5d$--  7#a7 by     
/rik+ p>agraph 7#a77;,b7 & ins]t+       
p>agraph 7#a77;,a7 & section #abi;,c2   
7#b7 9 subp>agraph 7,a71 by /rik+ except
 int]e/ or ! "t-price diff]5tial &      
ins]t+ ! foll[+3  except--  7i7 int]e/ &
 ! "t-price diff]5tial2 &  7ii7 ! am\nt 

( any loan level price adju/m5t paym5t  
set by ! ,f$]al ,national ,mortgage     
,association1 ! ,f$]al ,home ,loan      
,mortgage ,corporation1 ! ,f$]al ,h\s+  
,adm9i/ration1 or simil> gov]nm5tal     
entity or gov]nm5t-sponsor$ ent]prise  2
  7#c7 by /rik+ subp>agraph 7,b7 &      
ins]t+ ! foll[+ new subp>agraph3  7,b7  
all comp5sation paid directly by a      
consum] to a mortgage orig9ator1 includ+
 a mortgage orig9ator t is also !       
cr$itor 9 a table-fund$ transaction1 b n
 includ+ comp5sation paid by a mortgage 
orig9ator or a cr$itor to an individual 
employ$ by ! mortgage orig9ator or      
cr$itor  2  7#d7 9 subp>agraph 7,c7--   
7,a7 by ins]t+ & insurance aft] taxes2  
7,b7 9 clause 7ii71 by ins]t+ 1 except z
 reta9$ by a cr$itor or its affiliate z 
a result ( _! p>ticipation 9 an         
affiliat$ bus9ess arrangem5t 7z def9$ 9 
section #b7g7 ( ! ,real ,e/ate          
,settlem5t ,proc$ures ,act ( #aigd 7#ab 
,u4,s4,c4 #bfjb7g77 aft] comp5sation2 & 
7,c7 by /rik+ clause 7iii7 & ins]t+ !   

foll[+3  7iii7 ! *>ge is--  7,i7 a bona 
fide ?ird-p>ty *>ge n reta9$ by !       
mortgage orig9ator1 cr$itor1 or an      
affiliate ( ! cr$itor or mortgage       
orig9ator2 or  7,,ii7 a *>ge set =? 9   
section #ajf7;e77#a72  2 &  7#e7 9      
subp>agraph 7,d7--  7,a7 by /rik+       
accid5t12 &  7,b7 by /rik+ or any       
paym5ts & ins]t+ & any paym5ts4  7b7    
,am5dm5t to section #abi;,c ( ,,tila    
,section #abi;,c ( ! ,tru? 9 ,l5d+ ,act 
7#ae ,u4,s4,c4 #afci;c7 is am5d$--  7#a7
 9 subsection 7a77#e77;,c71 by /rik+    
#ajc & all t foll[s ?r\gh or mortgage   
orig9ator & ins]t+ #ajc7;bb77#d72 &     
7#b7 9 subsection 7b77#b77;,c77i71 by   
/rik+ #ajc & all t foll[s ?r\gh or      
mortgage orig9ator7 & ins]t+            
#ajc7;bb77#d74