,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cbba  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ac1 #bjag,mr4  
,ku/(f ( ,t5nessee 7= himself & ,mr4    
,luetkemey]7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
provide exemptions "u ! ,tru? 9 ,l5d+   
,act & ! ,f9ancial ,in/itutions ,re=m1  
,recov]y1 & ,en=cem5t ,act ( #aihi to   
enc\rage access to af=dable mortgages1 &
 = o!r purposes4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,secur+ ,access to 
,af=dable ,mortgages ,act4  #b4 ,access 
to af=dable mortgages  7a7 ,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 = c]ta9     
mortgages ,! ,bureau1 ! ,comptroll] ( ! 
,curr5cy1 ! ,f$]al ,deposit ,insurance  
,corporation1 ! ,national ,cr$it ,union 
,adm9i/ration ,bo>d1 & ! ,f$]al ,h\s+   
,f9ance ,ag5cy %all exempt1 by rule1 a  

mortgage loan ( #bej1jjj or less f !    
requirem5ts ( ?is section if su* loan   
appe>s on ! balance %eet ( ! cr$itor (  
su* loan = a p]iod ( n less ?an #c ye>s4
  4  7b7 ,exemption f p5alties = failure
 ,to report apprais]s ,p>agraph 7#a7 (  
section #abi;,e7k7 ( ! ,tru? 9 ,l5d+    
,act 7#ae ,u4,s4,c4 #afci;e7k77#a77 is  
am5d$ by ins]t+ aft] ?is section !      
foll[+3 1 o!r ?an subsection 7e714  7c7 
,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 & ! ,resolution ,tru/ ,corporation
 & 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+ ea* su* ag5cy2  7#c7 9 ! flu%    
left matt] foll[+ p>agraph 7#c71 by     
/rik+ ,ea* su* ag5cy or in/rum5tality & 

ins]t+ ! foll[+3  7b7 ,additional /&>ds 
,ea* su* ag5cy describ$ "u subsection   
7a7  2 &  7#d7 by add+ at ! end ! foll[+
 new subsection3  7c7 ,exemption = c]ta9
 mortgage loans ,ea* su* ag5cy describ$ 
"u subsection 7a7 %all exempt1 by rule1 
a real e/ate appraisal or evaluation    
conduct$ 9 connection ) a mortgage loan 
( #bej1jjj or less f ! /&>ds prescrib$  
"u ?is section1 if su* loan appe>s on ! 
balance %eet ( ! cr$itor ( su* loan = a 
p]iod ( n less ?an #c ye>s4  4