S.Amdt. 2187Senate115th Congress (2017-2019)2nd degree
S.Amdt. 2187
Sponsored by
Sen. Tim Kaine (D-VA)
Submitted March 8, 2018
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Senate amendment submitted
March 8, 2018
Text
Submitted
SA 2187. Mr. KAINE submitted an amendment intended to be proposed to amendment SA 2151 proposed by Mr. Crapo (for himself, Mr. Donnelly, Ms. Heitkamp, Mr. Tester, and Mr. Warner) to the bill S. 2155, to promote economic growth, provide tailored regulatory relief, and enhance consumer protections, and for other purposes; which was ordered to lie on the table; as follows: On page 13 of the amendment, strikes lines 11 through 26 and insert the following: ``(1) Closed-end mortgage loans.--With respect to an insured depository institution or insured credit union, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to closed-end mortgage loans if the insured depository institution or insured credit union originated fewer than 100 closed-end mortgage loans in each of the 2 preceding calendar years. ``(2) Open-end lines of credit.--With respect to an insured depository institution or insured credit union, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to open-end lines of credit if the insured depository institution or insured credit union originated fewer than 100 open-end lines of credit in each of the 2 preceding calendar years. ______