,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cebi  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #ai1         
#bjac,mr4 ,mead[s 7= himself1 ,mrs4     
,capito1 ,mr4 ,murphy ( ,florida1 & ,mr4
 ,butt]field7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
provide exemptions f c]ta9 mortgage1    
s]vic+1 & appraisal requirem5ts =       
non-pr(it l[-income h\s+ provid]s1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,protect+ ,habitat     
,home[n]%ip ,act4  #b4 ,exemptions  7a7 
,tru? 9 ,l5d+ ,act ,! ,tru? 9 ,l5d+ ,act
 7#ae ,u4,s4,c4 #afja et seq47 is       
am5d$-- 7#a7 9 section #abh7;f7 7#ae    
,u4,s4,c4 #afch7;f77-- 7,a7 9 p>agraph  
7#c7-- 7i7 by /rik+ apply to any fix$   
rate & ins]t+ ! foll[+3 apply to-- 7,a7 
any fix$ rate  2  7ii7 by /rik+ ! p]iod 
& ins]t+ 2 or2 &  7iii7 by add+ at ! end
 ! foll[+3  7,b7 any resid5tial mortgage
 loan orig9at$ by a non-pr(it l[-income 
h\s+ provid]4  2 &  7,b7 by add+ at !   

end ! foll[+3  7#d7 ,non-pr(it l[-income
 h\s+ provid] def9$ ,= purposes ( ?is   
subsection1 ! t]m non-pr(it l[-income   
h\s+ provid] means an organization t--  
7,a7 is exempt f taxation pursuant to   
section #eja7;c77#c7 ( ! ,int]nal       
,rev5ue ,code ( #aihf2  7,b7 makes      
resid5tial mortgage loans-- 7i7 = !     
purpose ( promot+ or facilitat+         
home[n]%ip = poor or l[-income1 disabl$1
 or o!r disadvantag$ p]sons or families2
 &  7ii7 sets int]e/ rates on su* loans 
t-- 7,i7 are l[] ?an ! bank prime loan  
rate1 z det]m9$ "u ! ,f$]al ,res]ve     
,/ati/ical ,release ( select$ int]e/    
rates 7commonly ref]r$ to z ! ,h4#ae7 by
 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve 
,sy/em1 = ! la/ day ( ! mo/ rec5t weekly
 release ( su* rates2 or  7,,ii7 are1   
aft] adju/+ = inflation1 no-int]e/ loans
 or loans ) int]e/ rates significantly  
bel[ ! int]e/ rates = loans = pur*ase ( 
s+le-family h\s+ g5]ally available 9 !  
m>ket2  7,c7 except z describ$ "u       
subp>agraph 7,b71 does n engage 9 !     

bus9ess ( a loan orig9ator or mortgage  
brok]2  7,d7 conducts its activities 9 a
 mann] t s]ves public or *>itable       
purposes2  7,e7 receives fund+ & rev5ue 
& *>ges fees 9 a mann] t does n         
inc5tivize ! organization or its        
employees to act o!r ?an 9 ! be/ int]e/s
 ( its cli5ts2  7,f7 comp5sates         
employees 9 a mann] t does n inc5tivize 
employees to act o!r ?an 9 ! be/ int]e/s
 ( its cli5ts2 &  7,g7 meets su* o!r    
requirem5ts z ! ,bureau det]m9es        
appropriate4  4  7#b7 9 section         
#abi;,c7a7 7#ae ,u4,s4,c4 #afci;c7a771  
by add+ at ! end ! foll[+3  7#aj7       
,exemption = non-pr(it l[-income h\s+   
provid]s ,?is subsection %all n apply to
 a resid5tial mortgage loan made by a   
non-pr(it l[-income h\s+ provid] 7z su* 
t]m is def9$ "u section #abh7;f77#d774  
2  7#c7 9 section #abi;,e 7#ae ,u4,s4,c4
 #afch;e71 by add+ at ! end ! foll[+3   
7l7 ,exemption = non-,pr(it l[-,income  
h\s+ provid]s ,?is section %all n apply 
to a resid5tial mortgage loan made by a 

non-pr(it l[-income h\s+ provid] 7z su* 
t]m is def9$ "u section #abh7;f77#d771  
or any s]vices provid$ ) respect to su* 
a mortgage loan4  2 &  7#d7 9 section   
#abi;,h 7#ae ,u4,s4,c4 #afch;h71 by add+
 at ! end ! foll[+3  7g7 ,exemption =   
non-,pr(it l[-,income h\s+ provid]s ,?is
 section %all n apply to a resid5tial   
mortgage loan made by a non-pr(it       
l[-income h\s+ provid] 7z su* t]m is    
def9$ "u section #abh7;f77#d774  4  7b7 
,real ,e/ate ,settlem5t ,proc$ures ,act 
( #aigd ,section #f7k7 ( ! ,real ,e/ate 
,settlem5t ,proc$ures ,act ( #aigd 7#ab 
,u4,s4,c4 #bfje7k77 is am5d$ by add+ at 
! end ! foll[+3  7#c7 ,exemption =      
non-pr(it l[-income h\s+ provid]s ,?is  
subsection & subsections 7l7 & 7m7 %all 
n apply to ! s]vic+ ( a resid5tial      
mortgage loan made by a non-pr(it       
l[-income h\s+ provid] 7z su* t]m is    
def9$ "u section #abh7;f77#d7 ( ! ,tru? 
9 ,l5d+ ,act74  4