,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ajcf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #g1 #bjai,mr4
 ,riggleman introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to am5d ! ,tru? 9 
,l5d+ ,act to cl>ify ! exclusion =      
sell]-f9anc]s f ! def9ition ( mortgage  
orig9ator1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,pres]v+
 ,access to ,rural ,in/allm5t           
,transactions = ,ye>s ,act ( #bjai or ! 
,,p>ity ,act ( #bjai4  #b4 ,am5dm5ts    
relat$ to ! exclusion ( sell]-f9anc]s 9 
! def9ition ( mortgage orig9ator        
,section #ajc7;dd77#b77;,e7 ( ! ,tru? 9 
,l5d+ ,act 7#ae ,u4,s4,c4               
#afjb7;dd77#b77;,e77 is am5d$--  7#a7 9 
! matt] prec$+ clause 7i7-- 7,a7 by     
/rik+ #c prop]ties & ins]t+ #e          
prop]ties2  7,b7 by /rik+ a p]son1      
e/ate1 or tru/ & ins]t+ a p]son or      
entity 7includ+ a corporation1 p>tn]%ip1
 proprietor%ip1 association1 coop]ative1
 e/ate1 or tru/72 &  7,c7 by /rik+ su*  

p]son1 e/ate1 or tru/ & ins]t+ su* a    
p]son or entity2  7#b7 9 clause 7i7--   
7,a7 by ins]t+ or aft] ! semicolon2     
7,b7 by /rik+ a p]son1 e/ate1 or tru/ t 
has con/ruct$ & ins]t+  su* a p]son or  
entity t-- 7,i7 has con/ruct$  2 &  7,c7
 by ins]t+ at ! end ! foll[+ new        
subclause3  7,,ii7 has receiv$ any o!r  
comp5sation relat$ to su* loan1 includ+ 
orig9ation po9ts or fees & exclud+      
int]e/ paym5ts2  2  7#c7 by /rik+       
clauses 7ii71 7iii71 & 7iv72 &  7#d7 by 
ins]t+ aft] clause 7i7 ! foll[+ new     
clauses3  7ii7 is n a high-co/ mortgage2
  7iii7 does n include t]ms "u :i* !    
out/&+ pr9cipal balance w increase at   
any "t ov] ! c\rse ( ! loan because !   
regul> p]iodic paym5ts d n cov] ! full  
am\nt ( int]e/ due2  7iv7 has-- 7,i7 a  
fix$ rate2 or  7,,ii7 an adju/able rate 
t 0 n det]m9$ by a prior contractual    
obligation betwe5 ! consum] & su* a     
p]son or entity &--  7aa7 is adju/able  
aft] #e or m ye>s 7z det]m9$ by !       
addition ( a m>g9 to a widely available 

index rate7 subject to reasonable annual
 & lifetime limitations on int]e/ rate  
increases or is det]m9$ by a prior      
obligation t is includ$ 9 or assum$ by !
 t]ms ( ! loan2 or  7bb7 ) respect to   
any "p ( su* loan contractually requir$ 
to be us$ to make paym5ts on an exi/+   
mortgage loan secur$ by su* a prop]ty1  
is adju/able on or aft] ! date ( a rate 
adju/m5t on su* exi/+ mortgage loan2 &  
4