,,ib  ,union ,cal5d> ,no4 #bea  #aad?   
,,congress  #a/ ,session  ,h4 ,r4 #abaj 
,report ,no4 #aad-ccj  ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,m>* #c1 #bjae    
,mr4 ,b>r 7= himself1 ,mr4 ,amodei1 ,mr4
 ,blum1 ,mr4 ,dold1 ,mr4 ,duffy1 ,mr4   
,f9*]1 ,mr4 ,gu9ta1 ,mrs4 ,h>tzl]1 ,mr4 
,hill1 ,mr4 ,hultgr51 ,mr4 ,joyce1 ,mr4 
,k+ ( ,new ,york1 ,mr4 ,lucas1 ,mr4     
,luetkemey]1 ,mr4 ,mess]1 ,mr4          
,mulvaney1 ,mr4 ,neugebau]1 ,mr4        
,r5acci1 ,mr4 ,ribble1 ,mr4 ,ro?fus1    
,mr4 ,/iv]s1 ,mr4 ,/utzman1 ,mr4        
,tipton1 ,mr4 ,web] ( ,texas1 & ,mr4    
,emm] ( ,m9nesota7 introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,novemb] #af1 #bjae 
,additional sponsors3 ,mr4 ,m>*ant1 ,mr4
 ,rice ( ,s\? ,c>ol9a1 ,mr4 ,z9ke1 ,mr4 
,valadao1 ,mr4 ,mead[s1 ,mr4            
,mc,clintock1 ,mr4 ,walb]g1 ,mrs4       
,wagn]1 ,mr4 ,poliqu91 ,mr4 ,"y ( ,i[a1 
,mr4 ,poe ( ,texas1 ,mr4 ,gu?rie1 ,mr4  
,fleis*mann1 ,mrs4 ,brooks ( ,indiana1  
,mr4 ,olson1 ,mr4 ,rodney ,davis (      

,ill9ois1 ,mr4 ,curbelo ( ,florida1 ,mr4
 ,wilson ( ,s\? ,c>ol9a1 ,mr4 ,pe>ce1   
,mr4 ,coll9s ( ,new ,york1 ,mr4 ,johnson
 ( ,ohio1 ,mrs4 ,noem1 ,mr4 ,/ew>t1 ,mr4
 ,sessions1 ,mr4 ,cram]1 ,mr4 ,zeld91   
,mr4 ,bab91 ,mr4 ,gos>1 ,mr4 ,pitt5g]1 &
 ,mr4 ,williams  ,novemb] #af1 #bjae    
,committ$ to ! ,committee ( ! ,:ole     
,h\se on ! ,/ate ( ! ,union & ord]$ to  
be pr9t$  ,a ,,bill  ,to am5d ! ,tru? 9 
,l5d+ ,act to provide a safe h>bor f    
c]ta9 requirem5ts relat$ to qualifi$    
mortgages = resid5tial mortgage loans   
held on an orig9at+ depository          
in/itution's portfolio1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,portfolio ,l5d+ &         
,mortgage ,access ,act4  #b4 ,safe h>bor
 = c]ta9 loans held on portfolio  7a7 ,9
 g5]al ,section #abi;,c ( ! ,tru? 9     
,l5d+ ,act 7#ae ,u4,s4,c4 #afci;c7 is   
am5d$ by add+ at ! end ! foll[+3  7j7   
,safe h>bor = c]ta9 loans held on       
portfolio  7#a7 ,safe h>bor = cr$itors t
 are depository in/itutions  7,a7 ,9    

g5]al ,a cr$itor t is a depository      
in/itution %all n be subject to suit =  
failure to comply ) subsection 7a71     
7c77#a71 or 7f77#b7 ( ?is section or    
section #abi;,h ) respect to a          
resid5tial mortgage loan1 & ! bank+     
regulators %all treat su* loan z a      
qualifi$ mortgage1 if-- 7i7 ! cr$itor   
has1 s9ce ! orig9ation ( ! loan1 held ! 
loan on ! balance %eet ( ! cr$itor2 &   
7ii7 all prepaym5t p5alties ) respect to
 ! loan comply ) ! limitations describ$ 
"u subsection 7c77#c74  7,b7 ,exception 
= c]ta9 transf]s ,9 ! case ( a          
depository in/itution t transf]s a loan 
orig9at$ by t in/itution to ano!r       
depository in/itution by reason ( !     
bankruptcy or failure ( ! orig9at+      
depository in/itution or ! pur*ase ( !  
orig9at+ depository in/itution1 !       
depository in/itution transf]r+ su* loan
 %all be deem$ to h compli$ ) !         
requirem5t "u subp>agraph 7,a77i74  7#b7
 ,safe h>bor = mortgage orig9ators ,a   
mortgage orig9ator %all n be subject to 

suit = a violation ( section            
#abi;,b7c77#c77;,b7 = /e]+ a consum] to 
a resid5tial mortgage loan if-- 7,a7 !  
cr$itor ( su* loan is a depository      
in/itution & has in=m$ ! mortgage       
orig9ator t ! cr$itor int5ds to hold !  
loan on ! balance %eet ( ! cr$itor = !  
life ( ! loan2 &  7,b7 ! mortgage       
orig9ator in=ms ! consum] t ! cr$itor   
int5ds to hold ! loan on ! balance %eet 
( ! cr$itor = ! life ( ! loan4  7#c7    
,def9itions ,= purposes ( ?is           
subsection3  7,a7 ,bank+ regulators ,!  
t]m bank+ regulators means ! ,f$]al     
bank+ ag5cies1 ! ,bureau1 & ! ,national 
,cr$it ,union ,adm9i/ration4  7,b7      
,depository in/itution ,! t]m depository
 in/itution has ! mean+ giv5 t t]m "u   
section #ai7;b77#a7 ( ! ,f$]al ,res]ve  
,act 7#ab ,u4,s4,c4 #eje7;b77#a774  7,c7
 ,f$]al bank+ ag5cies ,! t]m ,f$]al     
bank+ ag5cies has ! mean+ giv5 t t]m "u 
section #c ( ! ,f$]al ,deposit          
,insurance ,act4  4  7b7 ,rule (        
con/ruction ,no?+ 9 ! am5dm5t made by   

?is ,act may be con/ru$ z prev5t+ a     
balloon loan f qualify+ = ! safe h>bor  
provid$ "u section #abi;,c7j7 ( ! ,tru? 
9 ,l5d+ ,act if ! balloon loan o!rwise  
meets all ( ! requirem5ts "u su*        
subsection 7j71 reg>dless ( :e!r !      
balloon loan meets ! requirem5ts        
describ$ "u clauses 7i7 ?r\gh 7iv7 (    
section #abi;,c7b77#b77;,e7 ( su* ,act4 
,novemb] #af1 #bjae ,committ$ to !      
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union & ord]$ to be pr9t$