An amendment numbered 12 printed in House Report 111-98 to require that the costs and benefits of each residential mortgage loan offered, discussed or referred to by the originator be clearly presented side by side and that the disclosures for each product have equal prominence. Would require that disclosure be made in writing, the understanding of which will be acknowledged by the signature of the mortgage originator and consumer.

In that portion of subparagraph (C) of section 129B(b)(1) of the Truth in Lending Act (as added by section 102(a) of the bill) that appears before clause (i) of such subparagraph, insert “in writing, the receipt and understanding of which shall be acknowledged by the signature of the mortgage originator and the consumer,” after “timely disclosure to each such consumer”.

In clause (i) of section 129B(b)(1)(C) of the Truth in Lending Act (as added by section 102(a) of the bill) insert “(and such comparative costs and benefits for each such product shall be presented side by side and the disclosures for each such product shall have equal prominence)” before the semicolon at the end.