,,ii  #aadth ,,congress  #ast ,session  
,s4 #fhb  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #aj1         
#bjae,mr4 ,donnelly 7for himself1 ,mr4  
,toomey1 ,mr4 ,manchin1 and ,mr4        
,cotton7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to amend   
the ,truth in ,lending ,act to modify   
the definitions of a mortgage originator
 and a high-cost mortgage4  #a4 ,short  
title ,this ,act may be cited as the    
,preserving ,access to ,manufactured    
,housing ,act of #bjae4  #b4 ,mortgage  
originator definition ,section #ajc of  
the ,truth in ,lending ,act 7#ae        
,u4,s4,c4 #afjb7 is amended-- 7#a7 by   
redesignating the second subsection 7cc7
 and subsection 7dd7 as subsections 7dd7
 and 7ee71 respectively2 and  7#b7 in   
paragraph 7#b77;,c7 of subsection 7dd71 
as so redesignated1 by striking an      
employee of a retailer of manufactured  
homes who is not described in clause 7i7

 or 7iii7 of subparagraph 7,a7 and who  
does not advise a consumer on loan terms
 7including rates1 fees1 and other      
costs7 and inserting a retailer of      
manufactured or modular homes or its    
employees unless such retailer or its   
employees receive compensation or gain  
for engaging in activities described in 
subparagraph 7,a7 that is in excess of  
any compensation or gain received in a  
comparable cash transaction4  #c4       
,high-,cost mortgage definition ,section
 #ajc of the ,truth in ,lending ,act    
7#ae ,u4,s4,c4 #afjb7 is amended-- 7#a7 
by redesignating subsection 7aa7        
7relating to disclosure of greater      
amount or percentage71 as so designated 
by section #aajj;,a of the ,consumer    
,financial ,protection ,act of #bjaj1 as
 subsection 7bb72  7#b7 by redesignating
 subsection 7bb7 7relating to high cost 
mortgages71 as so designated by section 
#aajj;,a of the ,consumer ,financial    
,protection ,act of #bjaj1 as subsection
 7aa71 and moving such subsection to    

immediately follow subsection 7z72 and  
7#c7 in subsection 7aa77#a77;,a71 as so 
redesignated-- 7,a7 in clause 7i77,i71  
by striking 7#h4e percentage points1 if 
the dwelling is personal property and   
the transaction is for less than        
#ej1jjj7 and inserting 7#aj percentage  
points if the dwelling is personal      
property or is a transaction that does  
not include the purchase of real        
property on which a dwelling is to be   
placed1 and the transaction is for less 
than #ge1jjj 7as such amount is adjusted
 by the ,bureau to reflect the change in
 the ,consumer ,price ,index772 and     
7,b7 in clause 7ii7-- 7i7 in subclause  
7,i71 by striking or at the end2 and    
7ii7 by adding at the end the following3
  7,,iii7 in the case of a transaction  
for less than #ge1jjj 7as such amount is
 adjusted by the ,bureau to reflect the 
change in the ,consumer ,price ,index7  
in which the dwelling is personal       
property 7or is a consumer credit       
transaction that does not include the   

purchase of real property on which a    
dwelling is to be placed7 the greater of
 #e percent of the total transaction    
amount or #c1jjj 7as such amount is     
adjusted by the ,bureau to reflect the  
change in the ,consumer ,price ,index72 
or  4