,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #effg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ah1 #bjad  
,mr4 ,williams introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
exempt small mortgage orig9ators f c]ta9
 lic5s+ requirem5ts & debt-to-income    
requirem5ts = qualifi$ mortgages4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,sell] ,f9ance ,regulation ,r$uction    
,act4  #b4 ,exemptions = sell] f9anc]s  
7a7 ,loan orig9ator lic5se or           
regi/ration requirem5ts ,section #aejd (
 ! ,s4,a4,f4,e4 ,mortgage ,lic5s+ ,act (
 #bjjh 7#ab ,u4,s4,c4 #eajc7 is am5d$ by
 add+ at ! end ! foll[+3  7c7 ,exception
 = sell] f9anc]s ,! requirem5ts ( ?is   
title %all n apply to any p]son 7o!r ?an
 a depository in/itution7 :o--  7#a7 has
 less ?an #be1jjj1jjj 9 assets2 &  7#b7 
only orig9ates resid5tial mortgage loans
 t--  7,a7 are ) respect to prop]ty t is
 own$ by su* p]son2 &  7,b7 are 9 an    
am\nt ( #aej1jjj or less4  4  7b7       

,debt-to-,income ratios "u qualifi$     
mortgages ,section #abi;,c7b77#b77;,a7 (
 ! ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4    
#afci;c7b77#b77;,a77 is am5d$ by ins]t+ 
at ! end ! foll[+ flu%-left text3  ,9   
det]m9+ :e!r a resid5tial mortgage loan 
is a qualifi$ mortgage1 guidel9es &     
regulations issu$ pursuant to clause    
7vi7 %all n apply to a loan orig9at$ by 
a p]son 7o!r ?an a depository in/itution
 7z def9$ "u section #c ( ! ,f$]al      
,deposit ,insurance ,act7 or a cr$it    
union7 :o has less ?an #be1jjj1jjj 9    
assets & :]e su* loan is ) respect to   
prop]ty t is own$ by su* p]son & su*    
loan is 9 an am\nt ( #aej1jjj or less4 4