,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #eiec  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #bd1 #bjah,mr4   
,l\d]milk 7= himself & ,mr4 ,%]man7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to provide regulatory relief to
 *>itable organizations t provide h\s+  
assi/ance1 & = o!r purposes4  #a4 ,%ort 
title  7a7 ,%ort title ,?is ,act may be 
cit$ z ! ,build+ ,up ,indep5d5t ,lives &
 ,dreams ,act or ! ,,build ,act4  #b4   
,mortgage loan transaction disclosure   
requirem5ts  7a7 ,,tila ,am5dm5t        
,section #aje ( ! ,tru? 9 ,l5d+ ,act    
7#ae ,u4,s4,c4 #afjd7 is am5d$ by ins]t+
 aft] subsection 7d7 ! foll[+3  7e7     
,disclosure = *>itable mortgage loan    
transactions ,) respect to a mortgage   
loan transaction involv+ a resid5tial   
mortgage loan (f]$ at z]o p]c5t int]e/  
prim>ily = *>itable purposes by an      
organization hav+ tax-exempt /atus "u   
section #eja7;c77#c7 ( ! ,int]nal       
,rev5ue ,code ( #aihf1 =ms ,,hud-#a &   

,,gfe 7z def9$ "u section #ajbd4b7;b7 ( 
title #ab1 ,code ( ,f$]al ,regulations71
 toge!r ) a disclosure sub/antially 9 ! 
=m ( ! ,loan ,model ,=m ,h-#b 7z def9$  
"u ,app5dix ,h to section #ajbf ( title 
#ab1 ,code ( ,f$]al ,regulations7 %all1 
collectively1 be an appropriate model =m
 = purposes ( subsection 7b74  4  7b7   
,,respa am5dm5t ,section #d ( ! ,real   
,e/ate ,settlem5t ,proc$ures ,act (     
#aigd 7#ab ,u4,s4,c4 #bfjc7 is am5d$ by 
add+ at ! end ! foll[+3  7d7 ,) respect 
to a mortgage loan transaction involv+ a
 resid5tial mortgage loan (f]$ at z]o   
p]c5t int]e/ prim>ily = *>itable        
purposes1 an organization hav+          
tax-exempt /atus "u section #eja7;c77#c7
 ( ! ,int]nal ,rev5ue ,code ( #aihf may 
use =ms ,,hud-#a & ,,gfe 7z def9$ "u    
section #ajbd4b7;b7 ( title #ab1 ,code (
 ,f$]al ,regulations7 toge!r ) a        
disclosure sub/antially 9 ! =m ( ! ,loan
 ,model ,=m ,h-#b 7z def9$ "u ,app5dix  
,h to section #ajbf ( title #ab1 ,code (
 ,f$]al ,regulations71 collectively1 9  

lieu ( ! disclosure publi%$ "u          
subsection 7a74  4  7c7 ,regulations ,n 
lat] ?an #ahj days aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,director ( !    
,bureau ( ,consum] ,f9ancial ,protection
 %all issue su* regulations z may be    
necess>y to implem5t ! am5dm5ts made by 
subsections 7a7 & 7b74  7d7 ,effective  
date ,! am5dm5ts made by subsections 7a7
 & 7b7 %all take effect on ! date ( !   
enactm5t ( ?is ,act4