12 U.S. Code § 5115 - Reports and recommendations to Congress

(a) Annual reports
Not later than 1 year after July 30, 2008, and annually thereafter, the Director shall submit a report to Congress on the effectiveness of the provisions of this chapter, including legislative recommendations, if any, for strengthening consumer protections, enhancing examination standards, streamlining communication between all stakeholders involved in residential mortgage loan origination and processing, and establishing performance based bonding requirements for mortgage originators or institutions that employ such brokers.
(b) Legislative recommendations
Not later than 6 months after July 30, 2008, the Director shall make recommendations to Congress on legislative reforms to the Real Estate Settlement Procedures Act of 1974 [12 U.S.C. 2601 et seq.], that the Director deems appropriate to promote more transparent disclosures, allowing consumers to better shop and compare mortgage loan terms and settlement costs.

Source

(Pub. L. 110–289, div. A, title V, § 1516,July 30, 2008, 122 Stat. 2824; Pub. L. 111–203, title X, § 1100(3),July 21, 2010, 124 Stat. 2106.)
References in Text

The Real Estate Settlement Procedures Act of 1974, referred to in subsec. (b), is Pub. L. 93–533, Dec. 22, 1974, 88 Stat. 1724, which is classified principally to chapter 27 (§ 2601 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under section 2601 of this title and Tables.
Amendments

2010—Pub. L. 111–203substituted “Director” for “Secretary” wherever appearing.
Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203effective on the designated transfer date, see section 1100H ofPub. L. 111–203, set out as a note under section 552a of Title 5, Government Organization and Employees.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

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12 CFR - Banks and Banking

12 CFR Part 34 - REAL ESTATE LENDING AND APPRAISALS

12 CFR Part 163 - SAVINGS ASSOCIATIONS—OPERATIONS

12 CFR Part 211 - INTERNATIONAL BANKING OPERATIONS (REGULATION K)

12 CFR Part 365 - REAL ESTATE LENDING STANDARDS

12 CFR Part 563 - SAVINGS ASSOCIATIONS—OPERATIONS

12 CFR Part 761 - REGISTRATION OF RESIDENTIAL MORTGAGE LOAN ORIGINATORS

12 CFR Part 1007 - S.A.F.E. MORTGAGE LICENSING ACT—FEDERAL REGISTRATION OF RESIDENTIAL MORTGAGE LOAN ORIGINATORS (REGULATION G)

12 CFR Part 1008 - S.A.F.E. MORTGAGE LICENSING ACT—STATE COMPLIANCE AND BUREAU REGISTRATION SYSTEM (REGULATION H)

24 CFR - Housing and Urban Development

24 CFR Part 3400 - SAFE MORTGAGE LICENSING ACT

 

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