Code · BILL · 113th Congress · H.R. 1750 (Introduced in House) — To enhance the ability of community financial institutions to foster economic growth and serve their communities, boo... · Sec. 3

Sec. 3. Escrow requirements

108 words·~1 min read·/bill/113/hr/1750/ih/section-3

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 129D(c) of the Truth in Lending Act, as added by section 1461(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is amended— by redesignating paragraphs (1), (2), (3), and

(4)as subparagraphs (A), (B), (C), and

(D)and moving such subparagraphs 2 ems to the right; striking The Board and inserting the following: The Board ; and by adding at the end the following new paragraph: The Board shall, by regulation, exempt from the requirements of subsection

(a)any loan secured by a first lien on a consumer’s principle dwelling, if such loan is held by a creditor with assets of $10,000,000,000 or less. .