,,ii  #aah? ,,congress  #b;d ,session   
,s4 #cije  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #aa1 #bjbd,mr4    
,re$ 7= himself & ,ms4 ,lummis7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d title ,i ( ! ,national 
,h\s+ ,act to increase ! loan limits &  
cl>ify t prop]ty improvem5t loans may be
 us$ = con/ruction ( accessory dwell+   
units4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,prop]ty ,improvem5t &        
,manufactur$ ,h\s+ ,loan ,mod]nization  
,act ( #bjbd4  #b4 ,national ,h\s+ ,act 
am5dm5ts  7a7 ,9 g5]al ,section #b ( !  
,national ,h\s+ ,act 7#ab ,u4,s4,c4     
#agjc7 is am5d$-- 7#a7 9 subsection 7a71
 by ins]t+ con/ruction ( additional or  
accessory dwell+ units1 z def9$ by !    
,secret>y1 aft] improvem5ts12 &  7#b7 9 
subsection 7b7-- 7,a7 9 p>agraph 7#a7-- 
7i7 by /rik+ subp>agraph 7,a7 & ins]t+ !
 foll[+ new subp>agraph3  7,a7 #ge1jjj  
if made = ! purpose ( f9anc+ alt]ations1

 repairs & improvem5ts ^u or 9          
connection ) an exi/+ s+le-family       
/ructure1 includ+ a manufactur$ home2  2
  7ii7 9 subp>agraph 7,b7-- 7,i7 by     
/rik+ #fj1jjj & ins]t+ #aej1jjj2  7,,ii7
 by /rik+ #ab1jjj & ins]t+ #cg1ejj2 &   
7,,iii7 by /rik+ an ap>tm5t h\se or2    
7iii7 by /rik+ subp>agraphs 7,c7 & 7,d7 
& ins]t+ ! foll[+3  7,c7 7i7 #ajf1dje if
 made = ! purpose ( f9anc+ ! pur*ase ( a
 s+le-section manufactur$ home2 &  7ii7 
#aie1cbb if made = ! purpose ( f9anc+ ! 
pur*ase ( a multi-section manufactur$   
home2  7,d7 7i7 #adi1ghb if made = !    
purpose ( f9anc+ ! pur*ase ( a          
s+le-section manufactur$ home & a       
suitably develop$ lot on :i* to place ! 
home2 &  7ii7 #bch1fii if made = !      
purpose ( f9anc+ ! pur*ase ( a          
multi-section manufactur$ home & a      
suitably develop$ lot on :i* to place ! 
home2  2  7iv7 9 subp>agraph 7,e7-- 7,i7
 by /rik+ #bc1bbf & ins]t+ #dc1cgg2 &   
7,,ii7 by /rik+ ! p]iod at ! end &      
ins]t+ a semicolon2  7v7 9 subp>agraph  

7,f71 by /rik+ & at ! end2  7vi7 9      
subp>agraph 7,g71 by /rik+ ! p]iod at ! 
end & ins]t+ 2 &2  7vii7 by ins]t+ aft] 
subp>agraph 7,g7 ! foll[+3  7,h7 su*    
pr9cipal am\nt z ! ,secret>y may        
prescribe if made = ! purpose ( f9anc+ !
 con/ruction ( an accessory dwell+ unit4
  2 &  7viii7 9 ! matt] prec$+ p>agraph 
7#b7-- 7,i7 by /rik+ regulation & ins]t+
 notice2  7,,ii7 by /rik+ increase &    
ins]t+ set2  7,,iii7 by /rik+ 7ii71     
7,c71 7,d71 & 7,e7 & ins]t+ ?r\gh 7,h72 
7,,iv7 by ins]t+ 1 or z necess>y to     
a*ieve ! goals ( ! ,f$]al ,h\s+         
,adm9i/ration1 p]iodically reset ! doll>
 am\nt limitations 9 subp>agraphs 7,a7  
?r\gh 7,h7 bas$ on ju/ification &       
me?odology set =? 9 advance by          
regulation be=e ! p]iod at ! end2 &     
7,v7 by adju/+ ! m>g9s appropriately2   
7,b7 9 p>agraph 7#c71 by /rik+ exce$s-- 
& all t foll[s ?r\gh ! p]iod at ! end & 
ins]t+ exce$s su* p]iod ( "t z det]m9$  
by ! ,secret>y1 n to exce$ #cj ye>s42   
7,c7 by /rik+ p>agraph 7#i7 & ins]t+ !  

foll[+3  7#i7 ,annual index+ ( c]ta9    
doll> am\nt limitations ,! ,secret>y    
%all develop or *oose #a or m me?ods (  
index+ 9 ord] to annually set ! loan    
limits e/abli%$ 9 p>agraph 7#a71 bas$ on
 data ! ,secret>y det]m9es is           
appropriate = purposes ( ?is section4  2
 &  7,d7 9 p>agraph 7#aa71 by /rik+     
lease-- & all t foll[s ?r\gh ! p]iod at 
! end & ins]t+ unless su* lease meets ! 
t]ms & conditions e/abli%$ by !         
,secret>y4  7b7 ,deadl9e = developm5t or
 *oice ( new index2 int]im index  7#a7  
,deadl9e = developm5t or *oice ( new    
index ,n lat] ?an #a ye> aft] ! date (  
enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+
 & ,urban ,developm5t %all develop or   
*oose #a or m me?ods ( index+ z requir$ 
"u section #b7;b77#i7 ( ! ,national     
,h\s+ ,act 7#ab ,u4,s4,c4               
#agjc7;b77#i771 z am5d$ by subsection   
7a7 ( ?is section4  7#b7 ,int]im index  
,dur+ ! p]iod beg9n+ on ! date (        
enactm5t ( ?is ,act & end+ on ! date on 
:i* ! ,secret>y ( ,h\s+ & ,urban        

,developm5t develops or *ooses #a or m  
me?ods ( index+ z requir$ "u section    
#b7;b77#i7 ( ! ,national ,h\s+ ,act 7#ab
 ,u4,s4,c4 #agjc7;b77#i771 z am5d$ by   
subsection 7a7 ( ?is section1 ! me?od ( 
index+ e/abli%$ by ! ,secret>y "u t     
section be=e ! date ( enactm5t ( ?is    
,act %all apply4  #c4 ,hud /udy (       
factory-built h\s+  7a7 ,def9itions ,9  
?is section3 7#a7 ,factory-built h\s+ ,!
 t]m factory-built h\s+ includes        
manufactur$ homes & modul> homes4  7#b7 
,manufactur$ home ,! t]m manufactur$    
home means any home con/ruct$ 9         
accordance ) ! con/ruction & safety     
/&>ds e/abli%$ "u ! ,national           
,manufactur$ ,h\s+ ,con/ruction &       
,safety ,/&>ds ,act ( #aigd 7#db        
,u4,s4,c4 #edja et seq474  7#c7 ,modul> 
home ,! t]m modul> home has ! mean+ giv5
 ! t]m 9 section #ajbg7;c7 ( ! ,consum] 
,f9ancial ,protection ,act ( #bjaj 7#ab 
,u4,s4,c4 #eeag7;c774  7b7 ,/udy ,!     
,secret>y ( ,h\s+ & ,urban ,developm5t  
%all conduct a /udy & submit to         

,congress a report on ! co/ effectiv5ess
 ( factory-built h\s+1 t includes-- 7#a7
 an analysis ( ! r$uctions 9 co/s f !   
c5tralization ( manufactur+ comp>$ to ! 
exp5se ( transf]r+ ! unit f ! factory to
 its f9al location2  7#b7 ! advantages 9
 precision & r$uction ( mat]ials wa/e   
associat$ ) factory-built h\s+2  7#c7 ! 
expect$ replacem5t & ma9t5ance co/s ov] 
! fir/ #dj ye>s ( life ( factory-built  
homes2 &  7#d7 opportunities = use      
beyond s+le-family h\s+1 su* z          
applications 9 accessory dwell+ units1  
two- to f\r-unit h\s+1 & l>ge           
multifamily h\s+4