#aaeth ,,congress  #ast ,session  ,h4   
,r4 #ciga  ,,an ,,act  ,to amend the    
,truth in ,lending ,act and the ,real   
,estate ,settlement ,procedures ,act of 
#aigd to modify the requirements for    
community financial institutions with   
respect to certain rules relating to    
mortgage loans1 and for other purposes4 
#a4 ,short title ,this ,act may be cited
 as the ,community ,institution         
,mortgage ,relief ,act of #bjag4  #b4   
,community financial institution        
mortgage relief  7a7 ,exemption from    
escrow requirements for loans held by   
smaller creditors ,section #abi;,d of   
the ,truth in ,lending ,act 7#ae        
,u4,s4,c4 #afci;d7 is amended--  7#a7 by
 adding at the end the following3  7k7  
,safe harbor for loans held by smaller  
creditors  7#a7 ,in general ,a creditor 
shall not be in violation of subsection 
7a7 with respect to a loan if--  7,a7   
the creditor has consolidated assets of 
#aj1jjj1jjj1jjj or less2 and  7,b7 the  
creditor holds the loan on the balance  

sheet of the creditor for the #c-year   
period beginning on the date of the     
origination of the loan4  7#b7          
,exception for certain transfers ,in the
 case of a creditor that transfers a    
loan to another person by reason of the 
bankruptcy or failure of the creditor1  
the purchase of the creditor1 or a      
supervisory act or recommendation from a
 ,state or ,federal regulator1 the      
creditor shall be deemed to have        
complied with the requirement under     
paragraph 7#a77;,b74  2 and  7#b7 by    
striking the term ,board each place such
 term appears and inserting ,bureau4    
7b7 ,modification to exemption for small
 servicers of mortgage loans ,section #f
 of the ,real ,estate ,settlement       
,procedures ,act of #aigd 7#ab ,u4,s4,c4
 #bfje7 is amended by adding at the end 
the following3  7n7 ,small ,servicer    
,exemption ,the ,bureau shall1 by       
regulation1 provide exemptions to1 or   
adjustments for1 the provisions of this 
section for a servicer that annually    

services #bj1jjj or fewer mortgage      
loans1 in order to reduce regulatory    
burdens while appropriately balancing   
consumer protections4  4  ,passed the   
,house of ,representatives ,december    
#ab1 #bjag4;,clerk4