#aae? ,,congress  #b;d ,session  ,h4 ,r4
 #bbbf  ,,an ,,act  ,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 ,m9imum    
/&>ds = resid5tial mortgage loans       
,section #abi;,c7b7 ( ! ,tru? 9 ,l5d+   
,act 7#ae ,u4,s4,c4 #afci;c7b77 is am5d$
 by add+ at ! end ! foll[+3  7#d7 ,safe 
h>bor  7,a7 ,9 g5]al ,a resid5tial      
mortgage loan %all be deem$ a qualifi$  
mortgage loan = purposes ( ?is          
subsection if ! loan-- 7i7 is orig9at$  
by1 & cont9u\sly reta9$ 9 ! portfolio (1
 a cov]$ in/itution2  7ii7 is 9         
compliance ) ! limitations ) respect to 
prepaym5t p5alties describ$ 9           
subsections 7c77#a7 & 7c77#c72  7iii7 is
 9 compliance ) ! requirem5ts relat$ to 
po9ts & fees "u p>agraph 7#b77;,a77vii72

  7iv7 does n h negative amortization   
t]ms or int]e/-only t]ms2 &  7v7 is a   
loan = :i* ! cov]$ in/itution consid]s1 
docum5ts1 & v]ifies ! debt1 income1 &   
f9ancial res\rces ( ! consum] 9         
accordance ) subp>agraph 7,c74  7,b7    
,exception = c]ta9 transf]s ,subp>agraph
 7,a7 %all n apply to a resid5tial      
mortgage loan if ! legal title to su*   
resid5tial mortgage loan is sold1       
assign$1 or o!rwise transf]r$ to ano!r  
p]son unless ! legal title to su*       
resid5tial mortgage loan is sold1       
assign$1 or o!rwise transf]r$-- 7i7 to  
ano!r p]son by reason ( ! bankruptcy or 
failure ( ! cov]$ in/itution t orig9at$ 
su* loan2  7ii7 to an insur$ depository 
in/itution or insur$ cr$it union t has  
less ?an #aj1jjj1jjj1jjj 9 total        
consolidat$ assets on ! date ( su* sale1
 assignm5t1 or transf]1 if ! loan is    
reta9$ 9 portfolio by su* insur$        
depository in/itution or insur$ cr$it   
union2  7iii7 pursuant to a m]g] ( !    
cov]$ in/itution t orig9at$ su* loan )  

ano!r p]son or ! acquisition ( a ! cov]$
 in/itution t orig9at$ su* loan by ano!r
 p]son or ( ano!r p]son by a cov]$      
in/itution1 if ! loan is reta9$ 9       
portfolio by ! p]son to :om ! loan is   
sold1 assign$1 or o!rwise transf]r$2 or 
7iv7 to a :olly own$ subsidi>y ( ! cov]$
 in/itution t orig9at$ su* loan if !    
loan is consid]$ to be an asset ( su*   
cov]$ in/itution = regulatory acc\nt+   
purposes4  7,c7 ,consid]ation &         
docum5tation requirem5ts ,! consid]ation
 & docum5tation requirem5ts describ$ 9  
subp>agraph 7,a77v7 %all--  7i7 n be    
con/ru$ to require compliance )1 or     
docum5tation 9 accordance )1 app5dix ,q 
to "p #ajbf ( title #ab1 ,code ( ,f$]al 
,regulations1 or any successor          
regulation2 &  7ii7 be con/ru$ to p]mit 
multiple me?ods ( docum5tation4  7,d7   
,def9itions ,9 ?is p>agraph-- 7i7 ! t]m 
cov]$ in/itution means an insur$        
depository in/itution or an insur$ cr$it
 union t1 toge!r ) its affiliates1 has  
less ?an #aj1jjj1jjj1jjj 9 total        

consolidat$ assets on ! date on !       
orig9ation ( a resid5tial mortgage loan2
  7ii7 ! t]m insur$ cr$it union has !   
mean+ giv5 ! t]m 9 section #aja ( !     
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #ageb72  7iii7 ! t]m insur$ depository 
in/itution has ! mean+ giv5 ! t]m 9     
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac72  
7iv7 ! t]m int]e/-only t]m means a t]m (
 a resid5tial mortgage loan t all[s "o  
or m ( ! p]iodic paym5ts made "u ! loan 
to be appli$ solely to accru$ int]e/ & n
 to ! pr9cipal ( ! loan2 &  7v7 ! t]m   
negative amortization t]m means a t]m ( 
a resid5tial mortgage loan "u :i* !     
paym5t ( p]iodic paym5ts w result 9 an  
increase 9 ! pr9cipal ( ! loan4  4      
,pass$ ! ,h\se ( ,repres5tatives ,m>*   
#f1 #bjah4;,cl]k4