,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #eadh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ag1 #bjad ,mr4 
,luetkemey] introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to am5d ! ,tru? 9 
,l5d+ ,act to exempt c]ta9 high]-risk   
mortgages f prop]ty appraisal           
requirem5ts & to exempt individuals f   
p5alties = failure to report c]ta9      
apprais]s1 & to am5d ! ,f9ancial        
,in/itutions ,re=m1 ,recov]y1 &         
,en=cem5t ,act ( #aihi to exempt c]ta9  
high]-risk mortgages f prop]ty appraisal
 requirem5ts1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,access to ,af=dable ,mortgages ,act (  
#bjad4  #b4 ,exemption f prop]ty        
appraisal requirem5ts = l[]-co/ dwell+s 
,section #abi;,h ( ! ,tru? 9 ,l5d+ ,act 
7#ae ,u4,s4,c4 #afci;h7 is am5d$ by add+
 at ! end ! foll[+ new subsection3  7g7 
,exemption = high]-,risk mortgages ,?is 
section %all n apply to a high]-risk    
mortgage loan ( #bej1jjj or less if su* 

loan appe>s on ! balance %eet ( !       
cr$itor ( su* loan = a p]iod ( n less   
?an #c ye>s4  4  #c4 ,exemption f       
p5alties = failure to report apprais]s  
,p>agraph 7#a7 ( section #abi;,e7k7 ( ! 
,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4       
#afci;e7k77#a77 is am5d$ by ins]t+ aft] 
?is section ! foll[+3 1 o!r ?an         
subsection 7e714  #d4 ,exemption f      
appraisal /&>d requirem5ts = l[]-co/    
dwell+s ,section #aaaj ( ! ,f9ancial    
,in/itutions ,re=m1 ,recov]y1 &         
,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4   
#ccci7 is am5d$--  7#a7 by /rik+ ,ea*   
,f$]al f9ancial in/itutions regulatory  
ag5cy & ins]t+ ! foll[+3  7a7 ,real     
e/ate appraisals 9 connection ) f$]ally 
relat$ transactions ,ea* ,f$]al f9ancial
 in/itutions regulatory ag5cy  2  7#b7  
by /rik+ ,ea* su* ag5cy or in/rum5tality
 & ins]t+ ! foll[+3  7b7 ,additional    
/&>ds ,ea* su* ag5cy or in/rum5tality   
describ$ "u subsection 7a7  2 &  7#c7 by
 add+ at ! end ! foll[+ new subsection3 
7c7 ,exception = c]ta9 high]-,risk      

mortgage loans ,/&>ds prescrib$ "u ?is  
section %all n apply to a real e/ate    
appraisal or evaluation conduct$ 9      
connection ) a high]-risk mortgage loan 
7z def9$ 9 section #abi;,h7f7 ( ! ,tru? 
9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afci;h7f777
 ( #bej1jjj or less if su* loan appe>s  
on ! balance %eet ( ! cr$itor ( su* loan
 = a p]iod ( n less ?an #c ye>s4  4