Sec. 409. Mortgage loans held in portfolio
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Section 304(g) of the Home Mortgage Disclosure Act of 1975 ( 12 U.S.C. 2803(g) ) is amended— in paragraph (1), by striking and at the end; in paragraph (2), by striking the period and inserting ; and ; and by adding at the end the following: made by the creditor, so long as such loan appears on the balance sheet of such creditor. . The Truth in Lending Act ( 15 U.S.C. 1601 et seq. ) is amended— in section 129C ( 15 U.S.C. 1639c ), as amended by section 408, by inserting after subsection
(f)the following: This section and any regulations promulgated under this section do not apply to a residential mortgage loan made by the creditor so long as such loan appears on the balance sheet of such creditor. ; and in section 129D ( 15 U.S.C. 1639d ), by adding at the end the following: This section and any regulations promulgated under this section do not apply to a residential mortgage loan made by the creditor so long as such loan appears on the balance sheet of such creditor. .
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