,,ii  #aae? ,,congress  #a/ ,session    
,s4 #agea  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #c1 #bjag,mr4   
,donnelly 7= himself1 ,mr4 ,toomey1 ,mr4
 ,man*91 ,mr4 ,cotton1 & ,mr4 ,pet]s7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to modify ! def9itions ( a     
mortgage orig9ator1 a high-co/ mortgage1
 & a loan orig9ator4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,pres]v+      
,access to ,manufactur$ ,h\s+ ,act (    
#bjag4  #b4 ,mortgage orig9ator &       
high-co/ mortgage def9itions ,section   
#ajc ( ! ,tru? 9 ,l5d+ ,act 7#ae        
,u4,s4,c4 #afjb7 is am5d$--  7#a7 by    
r$esignat+ subsection 7aa7 z subsection 
7bb72  7#b7 by r$esignat+ subsection    
7bb7 z subsection 7aa71 & mov+ su*      
subsection to imm$iately foll[          
subsection 7z72  7#c7 9 subsection      
7aa77#a77;,a71 z s r$esignat$-- 7,a7 9  
clause 7i77,i71 by /rik+ 7#h4e p]c5tage 
po9ts1 if ! dwell+ is p]sonal prop]ty & 

! transaction is = less ?an #ej1jjj7 &  
ins]t+ 7#aj p]c5tage po9ts if ! dwell+  
is p]sonal prop]ty or is a transaction t
 does n include ! pur*ase ( real prop]ty
 on :i* a dwell+ is to be plac$ & !     
transaction is = less ?an #ge1jjj 7z su*
 am\nt is adju/$ by ! ,bureau to reflect
 ! *ange 9 ! ,consum] ,price ,index772 &
  7,b7 9 clause 7ii7-- 7i7 9 subclause  
7,i71 by /rik+ or at ! end2 &  7ii7 by  
add+ at ! end ! foll[+3  7,,iii7 9 !    
case ( a transaction = less ?an #ge1jjj 
7z su* am\nt is adju/$ by ! ,bureau to  
reflect ! *ange 9 ! ,consum] ,price     
,index7 9 :i* ! dwell+ is p]sonal       
prop]ty 7or is a consum] cr$it          
transaction t does n include ! pur*ase (
 real prop]ty on :i* a dwell+ is to be  
plac$71 ! great] ( #e p]c5t ( ! total   
transaction am\nt or #c1jjj 7z su* am\nt
 is adju/$ by ! ,bureau to reflect !    
*ange 9 ! ,consum] ,price ,index72 or  2
  7#d7 by r$esignat+ ! second subsection
 7cc7 7relat+ to def9itions relat+ to   
mortgage orig9ation & resid5tial        

mortgage loans7 & subsection 7dd7 z     
subsections 7dd7 & 7ee71 respectively2 &
  7#e7 9 p>agraph 7#b77;,c7 ( subsection
 7dd71 z s r$esignat$1 by /rik+ an      
employee ( a retail] ( manufactur$ homes
 :o is n describ$ 9 clause 7i7 or 7iii7 
( subp>agraph 7,a7 & :o does n advise a 
consum] on loan t]ms 7includ+ rates1    
fees1 & o!r co/s7 & ins]t+ a retail] (  
manufactur$ or modul> homes or !        
employees ( ! retail] unless ! retail]  
or ! employees receive comp5sation or   
ga9 = engag+ 9 activities describ$ 9    
subp>agraph 7,a7 t is 9 excess ( any    
comp5sation or ga9 receiv$ 9 a comp>able
 ca% transaction4  #c4 ,loan orig9ator  
def9ition ,section #aejc7d77;,a7 ( !    
,secure & ,fair ,en=cem5t = ,mortgage   
,lic5s+ ,act ( #bjjh 7#ab ,u4,s4,c4     
#eajb7d77;,a77 is am5d$--  7#a7 9 clause
 7iii71 by /rik+ & at ! end2  7#b7 9    
clause 7iv71 by /rik+ ! p]iod at ! end &
 ins]t+ 2 &2 &  7#c7 by add+ at ! end ! 
foll[+3  7v7 does n include a retail] ( 
manufactur$ or modul> homes or !        

employees ( ! retail] unless ! retail]  
or employees receive comp5sation or ga9 
= engag+ 9 activities describ$ 9 clause 
7i7 t is 9 excess ( any comp5sation or  
ga9 receiv$ 9 a comp>able ca%           
transaction4  4