Sec. 943. REPRESENTATIONS AND WARRANTIES IN ASSET-BACKED OFFERINGS
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## SEC. 943 REPRESENTATIONS AND WARRANTIES IN ASSET-BACKED OFFERINGS **[**[15 U.S.C. 78o-7 note](/us/usc/t15/s78o-7)**]** Not later than 180 days after the date of enactment of this Act, the Securities and Exchange Commission shall prescribe regulations on the use of representations and warranties in the market for asset-backed securities (as that term is defined in section 3(a)(77) of the Securities Exchange Act of 1934, as added by this subtitle) that— ####
(1)require each national recognized statistical rating organization to include in any report accompanying a credit rating a description of— #####
(A)the representations, warranties, and enforcement mechanisms available to investors; and #####
(B)how they differ from the representations, warranties, and enforcement mechanisms in issuances of similar securities; and ####
(2)require any securitizer (as that term is defined in section 15G(a) of the Securities Exchange Act of 1934, as added by this subtitle) to disclose fulfilled and unfulfilled repurchase requests across all trusts aggregated by the securitizer, so that investors may identify asset originators with clear underwriting deficiencies. * * * * * * * ## Subtitle E Accountability and Executive Compensation * * * * * * *
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Sec. 943
REPRESENTATIONS AND WARRANTIES IN ASSET-BACKED OFFERINGS
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