,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #fjfg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #bc1         
#bjba,ms4 ,dean 7= h]self & ,mr4        
,holl+swor?7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
direct ! ,bureau ( ,consum] ,f9ancial   
,protection to issue model =ms & model  
language = c]ta9 ,fair ,cr$it ,report+  
,act requirem5ts1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,cl>ity 9 ,consum] ,disclosures ,act (  
#bjba4  #b4 ,model =ms & model language 
= c]ta9 ,fair ,cr$it ,report+ ,act      
requirem5ts  7a7 ,model =ms & model     
language  7#a7 ,9 g5]al ,! ,fair ,cr$it 
,report+ ,act 7#ae ,u4,s4,c4 #afja et   
seq47 is am5d$ by add+ aft] section #fjd
 ! foll[+ new section3  #fjd;,a4 ,model 
=ms & model language  7a7 ,9 g5]al ,n   
lat] ?an "o ye> aft] ! date ( ! enactm5t
 ( ?is section1 ! ,director ( ! ,bureau 
%all develop & issue-- 7#a7 model       
language = a c]tification t may be us$  

by a p]son to comply ) section          
#fjd7;b77#a77;,a72  7#b7 model =ms (    
disclosure1 au?orization1 notice1 &     
cons5t t may be us$ by a consum] or o!r 
p]son to comply ) section #fjd7;b77#b72 
7#c7 a model cons5t =m & model language 
= inclusion 9 any =ms t may be us$ by a 
consum] to provide ! cons5t requir$ "u  
section #fjd7;g77#a77;,b77ii72  7#d7 a  
model =m & model language = inclusion 9 
any =ms t may be us$ to provide a       
consum] ) ! disclosure & /atem5t requir$
 "u section #fjf7;a77#a72  7#e7 model   
language = a c]tification t may be us$  
by a p]son to comply ) section          
#fjf7;a77#b72 &  7#f7 model language (  
c]tification t may be us$ by a p]son    
seek+ to procure a consum] report "u    
section #fjd7;f77#b7 or #fjg7;a74  7b7  
,=mat ,! ,director-- 7#a7 %all ensure t 
! model =ms & model language describ$ 9 
subsection 7a7 are 9 pla9 language      
compreh5sible to an av]age read] & d n  
include citations to law2  7#b7 to !    
ext5t practicable1 %all develop a s+le1 

integrat$ model =m = use to comply ) !  
requirem5ts ( section #fjd1 #fjf1 or    
#fjg2  7#c7 %all ensure t su* model =ms 
& model language are compreh5sible & c  
be easily adapt$ bas$ on specific       
consum] reports2 &  7#d7 ) respect to   
model language = a c]tification describ$
 9 p>agraph 7#a7 or 7#f7 ( subsection   
7a71 %all all[ ! us] ( a consum] report 
to include su* model language 9 o!r     
docum5ts to prospectively c]tify to a   
consum] report+ ag5cy us] compliance ) !
 requirem5ts ( section #fjd7;b77#a77;,a7
 or #fjf7;a77#b71 z applicable4  7c7    
,rulemak+ ,9 develop+ ! model =ms "u    
subsection 7a71 ! ,director %all publi% 
a notice 9 ! ,f$]al ,regi/] seek+ writt5
 comm5ts f ! public4  7d7 ,safe h>bor   
,any p]son or consum] report+ ag5cy t   
elects to provide a model =m develop$ "u
 subsection 7a7 t accurately reflects ! 
practices ( su* p]son or su* ag5cy %all 
be deem$ to be 9 compliance ) !         
requirem5ts to :i* ! model =m           
corresponds4  7e7 ,specific compon5ts ,9

 develop+ ! model =ms "u subsection 7a71
 ! ,director-- 7#a7 %all review ,/ate   
laws regulat+ consum] reports2  7#b7    
%all develop su* model =ms to satisfy   
any requirem5ts impos$ by ,/ate law t   
are sub/antially simil> to ^? describ$ 9
 subsection 7a72  7#c7 ) respect any    
disclosures t applicable law requires to
 consi/ solely ( ! disclosure1 may deem 
t su* model =m satisfies su* disclosure2
 &  7#d7 ) respect to a model =m t      
includes a disclosure describ$ 9        
p>agraph 7#c71 may require t su* model  
=m consi/ solely ( ! disclosure along ) 
any o!r in=mation ! ,director det]m9es  
necess>y to prop]ly complete ! =m4  4   
7#b7 ,cl]ical am5dm5t ,! table (        
sections = ,fair ,cr$it ,report+ ,act is
 am5d$ by add+ aft] ! item relat+ to    
section #fjd ! foll[+ new item3         
#fjd;,a4 ,model =ms & model language4  4
  7b7 ,report to ,congress ,n lat] ?an  
#f mon?s aft] ! issuance ( model =ms &  
model language "u section #fjd;,a ( !   
,fair ,cr$it ,report+ ,act 7z add$ by   

subsection 7a7 ( ?is section71 !        
,director ( ! ,bureau ( ,consum]        
,f9ancial ,protection %all submit to    
,congress a report t includes-- 7#a7 !  
me?odology us$ by ! ,director to create 
su* model =ms & model language2 &  7#b7 
an analysis ( ! use ( su* model =ms &   
model language4