,,ii  #aaeth ,,congress  #ast ,session  
,s4 #agea  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #c1    
#bjag,mr4 ,donnelly 7for himself1 ,mr4  
,toomey1 ,mr4 ,manchin1 ,mr4 ,cotton1   
and ,mr4 ,peters7 introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to modify the definitions of a 
mortgage originator1 a high-cost        
mortgage1 and a loan originator4  #a4   
,short title ,this ,act may be cited as 
the ,preserving ,access to ,manufactured
 ,housing ,act of #bjag4  #b4 ,mortgage 
originator and high-cost mortgage       
definitions ,section #ajc of the ,truth 
in ,lending ,act 7#ae ,u4,s4,c4 #afjb7  
is amended--  7#a7 by redesignating     
subsection 7aa7 as subsection 7bb72     
7#b7 by redesignating subsection 7bb7 as
 subsection 7aa71 and moving such       
subsection to immediately follow        
subsection 7z72  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 placed 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 placed71 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  2  7#d7 by redesignating the second 
subsection 7cc7 7relating to definitions
 relating to mortgage origination and   
residential mortgage loans7 and         
subsection 7dd7 as subsections 7dd7 and 
7ee71 respectively2 and  7#e7 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 the    
employees of the retailer unless the    
retailer or the 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 ,loan 

originator definition ,section          
#aejc7d77;,a7 of the ,secure and ,fair  
,enforcement for ,mortgage ,licensing   
,act of #bjjh 7#ab ,u4,s4,c4            
#eajb7d77;,a77 is amended--  7#a7 in    
clause 7iii71 by striking and at the    
end2  7#b7 in clause 7iv71 by striking  
the period at the end and inserting 2   
and2 and  7#c7 by adding at the end the 
following3  7v7 does not include a      
retailer of manufactured or modular     
homes or the employees of the retailer  
unless the retailer or employees receive
 compensation or gain for engaging in   
activities described in clause 7i7 that 
is in excess of any compensation or gain
 received in a comparable cash          
transaction4  4