,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #hjii  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #ai1 #bjbd,mr4 
,torres ( ,new ,york 7= himself & ,mrs4 
,kim ( ,cali=nia7 introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to      
require ! ,director ( ! ,f$]al ,h\s+    
,f9ance ,ag5cy to assess ! co/s &       
b5efits ( requir+ ! ent]prises obta9 #b 
r ?an #c cr$it reports & cr$it scores1 &
 = o!r purposes4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,cr$it ,report     
,enhancem5t ,directive ,act or ! ,,cr$  
,act4  #b4 ,analysis ( co/s & b5efits   
requir$  7a7 ,9 g5]al ,! ,director ( !  
,f$]al ,h\s+ ,f9ance ,ag5cy %all conduct
 an analysis ( ! co/s & b5efits ( a     
requirem5t t ! ent]prises obta9 #b r ?an
 #c cr$it reports & cr$it scores f !    
national consum] report+ ag5cies if !   
ent]prise conditions ! pur*ase ( a      
resid5tial mortgage loan on ! deliv]y ( 
a borr[]'s cr$it score4  7b7            
,requirem5ts ,9 conduct+ ! analysis     

requir$ "u subsection 7a71 ! ,director  
%\ld consid] pot5tial-- 7#a7 co/ sav+s =
 mortgage borr[]s2  7#b7 *anges 9 access
 to mortgage cr$it = consum]s t may     
result f review+ two1 r ?an ?ree1 cr$it 
reports & cr$it scores2  7#c7 compliance
 & op]at+ co/s = mortgage l5d]s &       
s]vic]s1 ! ?ree national cr$it report+  
ag5cies1 & ! ent]prises2 &  7#d7 legal  
exposures = mortgage l5d]s & s]vic]s t  
result f select+ two1 r ?an ?ree1 cr$it 
reports & cr$it scores4  7c7 ,public    
comm5t  7#a7 ,9 g5]al ,! ,director %all 
publi% ! analysis requir$ "u ?is section
 9 ! ,f$]al ,regi/] & invite public     
comm5t on ! analysis = #ij days4  7#b7  
,re/riction ,! ,director may n e/abli% a
 requirem5t t ! ent]prises obta9 #b r   
?an #c cr$it reports & cr$it scores f ! 
national consum] report+ ag5cies if !   
ent]prise conditions ! pur*ase ( a      
resid5tial mortgage loan on ! deliv]y ( 
a borr[]'s cr$it score until ! public   
comm5t p]iod is clos$4  7d7 ,def9itions 
,9 ?is section3 7#a7 ,director ,! t]m   

,director means ! ,director ( ! ,f$]al  
,h\s+ ,f9ance ,ag5cy4  7#b7 ,consum]    
report ,! t]m consum] report has ! mean+
 giv5 t t]m 9 section #fjc7;d7 ( ! ,fair
 ,cr$it ,report+ ,act 7#ae ,u4,s4,c4    
#afha;a7d74  7#c7 ,cr$it score ,! t]m   
cr$it score has ! mean+ giv5 t t]m 9    
section #cjb7;b77#g77;,a77i7 ( ! ,f$]al 
,national ,mortgage ,association ,*>t]  
,act 7#ab ,u4,s4,c4                     
#agag7;b77#g77;,a77i774  7#d7 ,national 
consum] report+ ag5cy ,! t]m national   
consum] report+ ag5cy means a consum]   
report+ ag5cy t compiles & ma9ta9s files
 on consum]s on a nationwide basis z    
def9$ 9 section #fjc7p7 ( ! ,fair ,cr$it
 ,report+ ,act 7#ae ,u4,s4,c4           
#afha;a7p74  7#e7 ,resid5tial mortgage  
,! t]m resid5tial mortgage has ! mean+  
giv5 t t]m 9 section #cjb7;h7 ( ! ,f$]al
 ,home ,loan ,mortgage ,corporation ,act
 7#ab ,u4,s4,c4 #adea7;h774