,,ii  #aai? ,,congress  #b;d ,session   
,s4 #dhjc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ag1 #bjbf,mr4   
,m]kley introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,tru? 9 ,l5d+ ,act to
 include a home equity inve/m5t loan 9 !
 def9ition ( a resid5tial mortgage loan 
= ! purposes ( t ,act1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,home ,equity ,l5d+ ,integrity ,act4
  #b4 ,home equity inve/m5t loans  7a7  
,9 g5]al ,section #ajc ( ! ,tru? 9 ,l5d+
 ,act 7#ae ,u4,s4,c4 #afjb7 is am5d$--  
7#a7 9 subsection 7dd77#e71 by ins]t+ 1 
includ+ a home equity inve/m5t loan1    
aft] means any consum] cr$it            
transaction2 &  7#b7 by add+ at ! end ! 
foll[+3  7ff7 ,home equity inve/m5t loan
 ,! t]m home equity inve/m5t loan means 
a transaction t is secur$ by a mortgage1
 de$ ( tru/1 or o!r equival5t cons5sual 
security int]e/ on a dwell+ or on       
resid5tial real prop]ty1 includ+ any    

option1 future1 or o!r d]ivative betwe5 
a p]son & a consum] :]e ! consum]       
receives money 7or any o!r item ( value7
 9 ex*ange =-- 7#a7 an int]e/ 7or future
 int]e/7 9 a dwell+ or resid5tial real  
prop]ty2 &  7#b7 a cont+5t or c]ta9     
obligation to pay an am\nt bas$1 9 :ole 
or 9 "p1 on ! value ( ! dwell+ or       
resid5tial real prop]ty4  4  7b7        
,regulations ,! ,bureau ( ,consum]      
,f9ancial ,protection %all prescribe    
regulations t apply section #acj ( !    
,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afdj7
 ) respect to violations "u t ,act 7#ae 
,u4,s4,c4 #afja et seq47 ) respect to   
home equity inve/m5t loans 7z def9$ 9   
subsection 7ff7 ( section #ajc ( t ,act 
7#ae ,u4,s4,c4 #afjb71 z add$ by        
subsection 7a7 ( ?is section74  7c7     
,s5se ( ,congress ,x is ! s5se (        
,congress t ! am5dm5t made by subsection
 7a77#a7 reflects ! /ate ( ! ,tru? 9    
,l5d+ ,act 7#ae ,u4,s4,c4 #afja et      
seq471 z 9 effect on ! day be=e ! date (
 enactm5t ( ?is ,act1 & does n make any 

sub/antive *ange to h[ t ,act is        
adm9i/]$4