,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #ajdih  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,decemb] #ah1         
#bjbd,mr4 ,meeks 7= himself & ,mr4      
,sessions7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,f9ancial   
,s]vices  ,a ,,bill  ,to am5d !         
,national ,h\s+ ,act to re/rict !       
collection ( annual mortgage insurance  
premiums :5 a #gh p]c5t loan-to value   
ratio is rea*$1 & = o!r purposes4  #a4  
,%ort title ,?is ,act may be cit$ z ! ,!
 ,mortgage ,insurance ,fre$om ,act4  #b4
 ,re/riction ( collection ( annual      
mortgage insurance premiums  7a7 ,9     
g5]al ,section #bjc7;c77#b7 ( !         
,national ,h\s+ ,act 7#ab ,u4,s4,c4     
#agji7;c77#b77 is am5d$-- 7#a7 9        
subp>agraph 7,b7-- 7,a7 9 clause 7i71 by
 /rik+ 8,= any0 & ins]t+ 8,subject to   
subp>agraph 7,d71 = any02 &  7,b7 9     
clause 7ii71 by /rik+ 8,= any0 & ins]t+ 
8,subject to subp>agraph 7,d71 = any02  
7#b7 9 subp>agraph 7,c77i71 by /rik+ 8,9
 addition0 & ins]t+ 8,subject to        

subp>agraph 7,d71 9 addition02 &  7#c7  
by add+ at ! end ! foll[+3  7,d7        
,re/riction on annual premium collection
  7i7 ,9 g5]al ,! ,secret>y may n       
collect any annual premiums "u ?is      
p>agraph ) respect to a mortgage at any 
"t t ! rema9+ insur$ pr9cipal balance   
7exclud+ ! portion ( ! rema9+ balance   
attributable to ! premium collect$ "u   
subp>agraph 7,a77 is #gh p]c5t or less  
?an ! l[] (-- 7,i7 ! sales price ( !    
dwell+ at ! sale 9 connection ) :i* !   
mortgage 0 made1 or  7,,ii7 ! apprais$  
value ( ! dwell+ at ! "t ( ! orig9ation 
( ! mortgage4  7ii7 ,exception ,clause  
7i7 %all n apply dur+ any p]iod 9 :i*   
,mutual ,mortgage ,insurance ,fund has a
 capital ratio bel[ #b p]c5t4  7iii7    
,rulemak+ ,! ,secret>y %all1 n lat] ?an 
#ahj days aft] ! enactm5t ( ?is         
subp>agraph1 issue su* rules to c>ry out
 ?is subp>agraph & su* rules %all       
include a process = mortgagors (        
mortgages insur$ "u ?is title to use to 
demon/rate to ! ,secret>y t ! insur$    

pr9cipal balance ( ! mortgage ( su*     
mortgagor is #gh p]c5t or less ?an ! l[]
 (-- 7,i7 ! sales price ( ! dwell+ at ! 
sale 9 connection ) :i* ! mortgage 0    
made1 or  7,,ii7 ! apprais$ value ( !   
dwell+ at ! "t ( ! orig9ation ( !       
mortgage4  7iv7 ,outrea* & education ,! 
,secret>y %all conduct outrea* &        
educational activities to in=m          
mortgagors ( mortgages insur$ "u ?is    
title ab\t-- 7,i7 ! re/riction on       
premium collection impos$ by clause 7i72
 &  7,,ii7 & ! processes ! mortgagor may
 use to demon/rate to ! ,secret>y t !   
insur$ pr9cipal balance ( ! mortgage (  
su* mortgagor is #gh p]c5t or less ?an !
 l[] (-- 7aa7 ! sales price ( ! dwell+  
at ! sale 9 connection ) :i* ! mortgage 
0 made1 or  7bb7 ! apprais$ value ( !   
dwell+ at ! "t ( ! orig9ation ( !       
mortgage  4  7b7 ,applicability ,!      
am5dm5ts made by subsection 7a7 %all    
apply ) respect only to mortgages       
endors$ = insurance by ! ,secret>y (    
,h\s+ & ,urban ,developm5t aft] ! date (

 ! enactm5t ( ?is ,act4