,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cbaa  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bh1      
#bjac,mr4 ,huizenga of ,michigan 7for   
himself1 ,mr4 ,meeks1 ,mr4 ,royce1 ,mr4 
,david ,scott of ,georgia1 ,mr4         
,stivers1 ,mr4 ,peters of ,michigan1    
,mr4 ,bachus1 ,ms4 ,mc,collum1 ,mr4     
,murphy of ,florida1 and ,mr4 ,doyle7   
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         
,mortgage ,choice ,act of #bjac4  #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,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#c7 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  #c4           
,rulemaking ,not later than the end of  
the #ij-;day period beginning on the    
date of the enactment of this ,act1 the 
,bureau of ,consumer ,financial         
,protection shall issue final           
regulations to carry out the amendments 
made by this ,act1 and such regulations 
shall be effective upon issuance4