S. 1310Senate115th Congress (2017-2019)In Committee

Home Mortgage Disclosure Adjustment Act

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Updated April 15, 2026 at 4:07 PM UTC

The Home Mortgage Disclosure Adjustment Act changes the Home Mortgage Disclosure Act to clarify which banks and other depository institutions must keep records and publicly disclose mortgage lending data. It adds exemptions for smaller lenders and makes a minor correction to a citation in the law. The bill mainly affects depository institutions that originate mortgage loans or open‑end credit lines.

Key Provisions

Creates an exemption for depository institutions that originated fewer than 500 closed‑end mortgage loans in each of the two most recent calendar years; those institutions would not have to meet certain HMDA reporting requirements for those loans.
Creates a similar exemption for institutions that originated fewer than 500 open‑end lines of credit in each of the two most recent calendar years; those institutions would be relieved of the same reporting requirements for those credit lines.
Makes a technical correction to the reference in the statute, changing a citation from “section 303(2)(A)” to “section 303(3)(A)”.

Legislative Activity

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2 earlier actions

SenateCommittee Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.

Banking, Housing, and Urban Affairs Committee

June 8, 2017

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SenateIntro Referral

Introduced in Senate

June 7, 2017

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

June 7, 2017

SenateCommittee

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.

Banking, Housing, and Urban Affairs Committee

June 8, 2017

Bill Text

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Introduced in SenateIssued June 7, 2017

115th CONGRESS

1st Session

S. 1310

IN THE SENATE OF THE UNITED STATES

June 7, 2017

Mr. Rounds (for himself, Ms. Heitkamp, Mr. Tester, Mr. Hoeven, Mr. Donnelly, and Mr. Kennedy) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Home Mortgage Disclosure Act of 1975 to specify which depository institutions are subject to the maintenance of records and disclosure requirements of such Act, and for other purposes.

Short title

This Act may be cited as the Home Mortgage Disclosure Adjustment Act.

Depository institutions subject to maintenance of records and disclosure requirements

(a)

In general

Section 304 of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2803) is amended—

(1)

by redesignating subsection (i) as paragraph (3) and adjusting the margins accordingly; and

(2)

by inserting before paragraph (3), as so redesignated, the following:

(i)

Exemptions

(1)

Closed-end mortgage loans

With respect to a depository institution, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to closed-end mortgage loans if the depository institution originated less than 500 closed-end mortgage loans in each of the 2 preceding calendar years.

(2)

Open-end lines of credit

With respect to a depository institution, the requirements of paragraphs (5) and (6) of subsection (b) shall not apply with respect to open-end lines of credit if the depository institution originated less than 500 open-end lines of credit in each of the 2 preceding calendar years.

(b)

Technical correction

Section 304(i)(3) of the Home Mortgage Disclosure Act of 1975, as so redesignated by subsection (a)(1), is amended by striking section 303(2)(A) and inserting section 303(3)(A).