,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #aij  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #d1 #bjac ,ms4
 ,kaptur introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to require ! fil+ 
( c]ta9 in=mation reg>d+ a resid5tial   
mortgage 9 any proce$+ = =eclosure ( !  
mortgage4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,produce ! ,note ,act (    
#bjac4  #b4 ,requir$ in=mation & notice 
,not)/&+ any o!r provision ( ,/ate or   
,f$]al law1 no =eclosure1 :e!r judicial 
or nonjudicial1 may be comm5c$ ) respect
 to a cov]$ resid5tial mortgage unless !
 p]son comm5c+ ! =eclosure complies )   
all ( ! foll[+ requirem5ts3  7#a7       
,submission ( in=mation ,! p]son comm5c+
 ! =eclosure %all submit to ! c\rt1 9 ! 
case ( a judicial =eclosure1 or to !    
(fice ( ! ,/ate or o!r subdivision ( !  
,/ate to :i* notice ( default1          
=eclosure1 or sale ( ! =eclos$ prop]ty  
is requir$ "u ,/ate law to be submitt$1 
9 ! case ( a nonjudicial =eclosure1 a   

report prep>$ by an indep5d5t p>ty t    
includes ! foll[+ in=mation3  7,a7 ,a   
/atem5t ( f9d+s z to :e!r ! cov]$       
resid5tial mortgage 0 made & s]vic$ 9   
compliance ) ! t]ms (1 & regulations "u1
 ! foll[+ laws3  7i7 ,! ,tru? 9 ,l5d+   
,act 7#ae ,u4,s4,c4 #afja7 & ,regulation
 ,z ( ! ,bo>d ( ,gov]nors ( ! ,f$]al    
,res]ve ,sy/em "u su* ,act4  7ii7 ,!    
,equal ,cr$it ,opportunity ,act 7#ae    
,u4,s4,c4 #afia et seq47 & ,regulation  
,b ( ! ,bo>d ( ,gov]nors ( ! ,f$]al     
,res]ve ,sy/em "u su* ,act4  7iii7 ,!   
,fair ,debt ,collection ,practices ,act 
7#ae ,u4,s4,c4 #afib et seq474  7iv7 ,! 
,f$]al ,fair ,cr$it ,report+ ,act 7#ae  
,u4,s4,c4 #afha et seq474  7v7 ,! ,real 
,e/ate ,settlem5t ,proc$ures ,act (     
#aigd 7#ab ,u4,s4,c4 #bfja et seq47 &   
,regulation ,x ( ! ,secret>y ( ,h\s+ &  
,urban ,developm5t "u su* ,act4  7vi7 ,!
 ,flood ,disa/] ,protection ,act ( #aigc
 7#db ,u4,s4,c4 #bjjb et seq474  7vii7  
,! ,fair ,h\s+ ,act 7#db ,u4,s4,c4 #cfja
 et seq474  7viii7 ,! ,home ,mortgage   

,disclosure ,act ( #aige 7#ab ,u4,s4,c4 
#bhja et seq474  7ix7 ,! ,f9ancial      
,in/itutions ,re=m1 ,recov]y1 &         
,en=cem5t ,act ( #aihi 7,public ,law    
#aja-gc74  7x7 ,any applicable          
provisions ( ,/ate & local law relat+ to
 real e/ate l5d+ or consum] protection4 
7,b7 ,c]tification ( any mortgage       
modification ef=ts t 7 employ$ & any    
(f]s made to ! mortgagor by ! p]son     
comm5c+ ! =eclosure4  7,c7 ,if any      
noncompliance is f\nd pursuant to       
subp>agraph 7,a71 a /atem5t z to :e!r ! 
violations are su* t ! mortgagor %\ld be
 af=d$ an ext5d$ "r1 beyond ! p]iod     
p]mitt$ "u ,/ate law--  7i7 to resc9d ! 
mortgage 9 def5se ( ! =eclosure2 or     
7ii7 to r$eem ! mortgage4  7,d7         
,id5tification (--  7i7 ! actual hold] (
 ! mortgage note1 ! orig9at+ l5d] = !   
mortgage & all subsequ5t assignees1 &   
all o!r p>ties :o h an int]e/ 9 ! real  
e/ate t is subject to ! mortgage or 9 ! 
mortgage or ! proce$s ( ! mortgage2 &   
7ii7 any p>ties id5tifi$ pursuant to    

clause 7i7 t receiv$ any assi/ance      
pursuant to title ,i ( ! ,em]g5cy       
,economic ,/abilization ,act ( #bjjh    
7#ab ,u4,s4,c4 #ebaa et seq47 & ! am\nt 
( any su* assi/ance receiv$4  7,e7 ,a   
/atem5t ( :e!r a bona fide default on ! 
cov]$ mortgage has occurr$4  7,f7 ,a    
description ( any h>d%ip circum/ances   
reg>d+ ! economic circum/ances ( !      
mortgagor t w\ld be relevant to a       
det]m9ation by ! mortgagee ( :e!r to    
modify ! mortgage4  7,g7 ,a /atem5t (   
:e!r ! mortgage is insur$ "u title ,,ii 
( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 
#agjg et seq474  7,h7 ,a /atem5t ( :e!r 
! mortgage is1 or any t]ms ( ! mortgage 
are1 unfair or con/itute an unfair or   
deceptive act or practice violat+ !     
,f$]al ,trade ,commission ,act 7#ae     
,u4,s4,c4 #da et seq471 & if s1 a       
description ( ! unfairness or ! unfair  
or deceptive act or practice4  7,i7 ,a  
/atem5t ( :e!r any mat]ial              
misrepres5tations 7 made t fraudul5tly  
induc$ ! mortgagor to ent] into !       

transaction to 8 or h] detrim5t1 & if s1
 a description ( su* misrepres5tation4  
7,j7 ,id5tification ( any (fsets to !   
cr$itor claim on ! mortgage4  7,k7 ,a   
/atem5t ( ! racial *>act]i/ics1 g5d]1   
c5sus tract1 & income level ( !         
mortgagor1 z su* t]ms are us$ = purposes
 ( compliance ) ! ,home ,mortgage       
,disclosure ,act ( #aige 7#ab ,u4,s4,c4 
#bhja et seq474  7#b7 ,requir$          
notification ,! p]son comm5c+ !         
=eclosure %all provide notice to !      
mortgagor1 9 writ+1 n less ?an #e days  
be=e any action is tak5 to comm5ce !    
proce$+ or action = =eclosure1 & %all   
c]tify to ! c\rt1 9 ! case ( a judicial 
=eclosure1 or to ! (fice ( ! ,/ate or   
o!r subdivision ( ! ,/ate to :i* notice 
( default1 =eclosure1 or sale ( !       
=eclos$ prop]ty is requir$ "u ,/ate law 
to be submitt$ 9 ! case ( a nonjudicial 
=eclosure1 t su* notice has be5 provid$1
 t includes ! foll[+ in=mation3  7,a7 ,a
 /atem5t ( any rights ( ! mortgagor "u !
 applicable laws gov]n+ ! =eclosure &   

consum] rights4  7,b7 ,a /atem5t ( any  
deadl9es = fil+ answ]s1 def5ses1 or     
objections to ! =eclosure1 includ+ ^?   
rights ( ! mortgagor "u ! ,real ,e/ate  
,settlem5t ,proc$ures ,act ( #aigd & any
 applicable ,/ate laws4  7,c7 ,a /atem5t
 ( any p5alties & o!r consequ5ces = !   
mortgagor if ! mortgagor does n respond 
or file answ]s to ! =eclosure4  7,d7 ,a 
/atem5t ( ! am\nts claim$ to be 9 arre>s
 "u ! mortgage & ne$$ to re9/ate !      
acc\nt & all associat$ co/s & fees1 set 
=? 9 itemiz$ & di/9ct categories1 &     
curr5t & correct contact in=mation1     
includ+ telephone numb]s1 electronic    
mail addresses1 & po/al addresses1 at   
:i* ! mortgagor c obta9 fur!r in=mation 
reg>d+ ! mortgage acc\nt4  7,e7 ,a      
description ( any additional options1   
su* z mortgage work\t1 modification1    
mitigation1 & r$emption1 t might be     
available to ! mortgagor to prev5t !    
=eclosure f proce$+ & a description ( h[
 ! mortgagor c obta9 additional         
in=mation reg>d+ su* options4  7,f7 ,a  

/atem5t ( ! correct names1 telephone    
numb]s1 electronic mail addresses1 po/al
 addresses1 & any ,/ate lic5s+ numb]s ( 
! mortgage hold]1 ! mortgage s]vic]1 & !
 p]son or p]sons au?oriz$ to take !     
actions describ$ pursuant to subp>agraph
 7,e74  #c4 ,def9itions ,= purposes (   
?is ,act1 ! foll[+ def9itions %all      
apply3  7#a7 ,indep5d5t p>ty ,! t]m     
indep5d5t p>ty means1 ) respect to      
=eclosure on a cov]$ resid5tial         
mortgage1 an individual :o has no int]e/
 91 or affiliation )1 any p>ty involv$ 9
 su* =eclosure or ) ! cov]$ resid5tial  
mortgage involv$ 9 su* =eclosure1       
includ+ any p>ty t owns1 manages1       
controls1 or directs su* an involv$     
p>ty1 any p>ty t is own$1 manag$1       
controll$1 or direct$ by su* an involv$ 
p>ty1 or any p>ty t is "u common        
own]%ip1 managem5t1 control1 or         
direction ) su* an involv$ p>ty4  7#b7  
,cov]$ resid5tial mortgage ,! t]m cov]$ 
resid5tial mortgage means a mortgage t  
meets ! foll[+ requirem5ts3  7,a7 ,!    

prop]ty secur+ ! obligation "u !        
mortgage %all be a "o- to f\r-family    
dwell+1 includ+ a condom9ium or a %>e 9 
a coop]ative own]%ip h\s+ association4  
7,b7 ,! mortgagor "u ! mortgage %all    
occupy ! prop]ty secur+ ! obligation "u 
! mortgage z 8 or h] pr9cipal resid5ce4 
7#c7 ,mortgage  7,a7 ,9 g5]al ,! t]m    
mortgage means a de$ ( tru/1 mortgage1  
de$ to secure debt1 security agreem5t1  
or any o!r =m ( in/rum5t "u :i* any     
prop]ty 7real1 p]sonal1 or mix$71 or any
 int]e/ 9 prop]ty 7includ+ leaseholds1  
life e/ates1 rev]sion>y int]e/s1 & any  
o!r e/ates "u applicable ,/ate law71 is 
convey$ 9 tru/1 mortgag$1 encumb]$1     
pl$g$1 or o!rwise r5d]$ subject to a li5
 = ! purpose ( secur+ ! paym5t ( money  
or ! p]=mance ( an obligation4  7,b7    
,condom9iums & coop]atives ,su* t]m     
includes a fir/ mortgage giv5 to        
secure--  7i7 ! unpaid pur*ase price ( a
 fee int]e/ 91 or a long-t]m leasehold  
int]e/ 91 a "o-family unit 9 a          
multifamily project1 includ+ a project 9

 :i* ! dwell+ units are atta*$ or are   
manufactur$ h\s+ units1 semi-deta*$1 or 
deta*$1 & an undivid$ int]e/ 9 ! common 
areas & facilities t s]ve ! project2 or 
7ii7 repaym5t ( a loan made to f9ance ! 
pur*ase ( /ock or memb]%ip 9 a          
coop]ative h\s+ corporation ! p]man5t   
occupancy ( dwell+ units ( :i* is       
re/rict$ to memb]s ( su* corporation1   
:]e ! pur*ase ( su* /ock or memb]%ip    
entitles ! pur*as] to ! p]man5t         
occupancy ( "o ( su* units4  #d4        
,relation to ,/ate law ,?is ,act does n 
annul1 alt]1 or affect1 or exempt any   
p]son subject to ! provisions ( ?is ,act
 f comply+ )1 ! laws ( any ,/ate or     
subdivision !re( ) respect to =eclosure 
on a resid5tial mortgage1 except to !   
ext5t t ^? laws are inconsi/5t ) any    
provision ( ?is ,act1 & !n only to !    
ext5t ( ! inconsi/5cy4 ,no provision ( !
 laws ( any ,/ate or subdivision !re(   
may be det]m9$ to be inconsi/5t ) any   
provision ( ?is ,act if su* law is      
det]m9$ to require great] disclosure or 

notice ?an is requir$ "u ?is ,act or to 
provide great] protection to ! mortgagee
 ?an is requir$ "u ?is ,act4