,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #eejh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #ai1        
#bjbe,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+ ,= any & ins]t+ ,subject to      
subp>agraph 7,d71 = any2 &  7,b7 9      
clause 7ii71 by /rik+ ,= any & ins]t+   
,subject to subp>agraph 7,d71 = any2    
7#b7 9 subp>agraph 7,c77i71 by /rik+ ,9 
addition & ins]t+ ,subject to           

subp>agraph 7,d71 9 addition2 &  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 made2 or  7,,ii7 ! apprais$  
value ( ! dwell+ at ! "t ( ! orig9ation 
( ! mortgage4  7ii7 ,exception ,if !    
capital ratio ( ! ,mutual ,mortgage     
,insurance ,fund falls bel[ #b p]c5t--  
7,i7 clause 7i7 %all n apply ) respect  
to any mortgage ) respect ! ,secret>y 0 
collect+ premiums on ! date on :i* !    
capital ratio ( ! ,mutual ,mortgage     
,insurance ,fund fell bel[ #b p]c5t2 &  
7,,ii7 clause 7i7 %all cont9ue to apply 
to any mortgage ) respect to :i* !      
,secret>y _h /opp$ collect+ premiums "u 

?is p>agraph be=e ! date on :i* !       
capital ratio ( ! ,mutual ,mortgage     
,insurance ,fund fell bel[ #b p]c5t     
because ! rema9+ insur$ pr9cipal balance
 met ! requirem5ts describ$ 9 clause    
7i74  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   
made2 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[] (-- 7bb7 ! sales price ( ! dwell+  
at ! sale 9 connection ) :i* ! mortgage 
0 made2 or  7cc7 ! apprais$ value ( !   
dwell+ at ! "t ( ! orig9ation ( !       
mortgage4  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