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H.R. 963House116th Congress (2019-2021)In Committee

Home Loan Quality Transparency Act of 2019

To amend the Home Mortgage Disclosure Act of 1975 to modify the exemptions from certain disclosure requirements.

Sponsored by Nydia M. VelázquezRep. Nydia M. Velázquez (D-NY)
Introduced February 5, 2019

AI-Generated Summary

Updated April 14, 2026 at 1:23 AM UTC

The Home Loan Quality Transparency Act of 2019 changes the Home Mortgage Disclosure Act to give small banks an exemption from certain reporting rules. It removes the requirement for depository institutions with $30 million or less in assets to provide the data listed in paragraphs 4, 5, and 6 of the Act’s disclosure section. The change applies to qualifying small depository institutions and updates related statutory language for consistency.

Key Provisions

  • Adds an exemption for depository institutions with total assets of $30 million or less from the disclosure requirements in paragraphs 4, 5, and 6 of HMDA section 304(b).
  • Strikes the existing subsection (i) and subsection (o) in HMDA section 304 to insert the new exemption language.
  • Amends Section 104(b) of the Economic Growth, Regulatory Relief, and Consumer Protection Act by striking its subsection (b) as a technical and conforming amendment.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

February 5, 2019

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HouseIntro Referral

Introduced in House

February 5, 2019

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

February 5, 2019

Bill Text

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Introduced in HouseIssued February 5, 2019

I

116th CONGRESS

1st Session

H. R. 963

IN THE HOUSE OF REPRESENTATIVES

February 5, 2019

Ms. Velázquez (for herself, Mrs. Carolyn B. Maloney of New York, and Mr. Green of Texas) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Home Mortgage Disclosure Act of 1975 to modify the exemptions from certain disclosure requirements.

1.

Short title

This Act may be cited as the Home Loan Quality Transparency Act of 2019.

2.

Exemption from certain disclosure requirements

(a)

In general

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

(1)

by striking subsection (i) and inserting the following:

(i)

Exemption from certain disclosure requirements

The requirements of paragraphs (4), (5), and (6) of subsection (b) shall not apply with respect to any depository institution described in section 303(3)(A) that has total assets, as of the most recent full fiscal year of the institution, of $30,000,000 or less.

; and

(2)

by striking subsection (o).

(b)

Technical and conforming amendment

Section 104 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115–174; 132 Stat. 1301) is amended by striking subsection (b).