§ 5115. Reports and recommendations to Congress

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 2008

   Secure and Fair Enforcement for Mortgage Licensing Act of 2008

   Pub. L. 110–289 div. A title V § 1516 · 122 Stat. 2654

   Enacted · 12 U.S.C. § 5115

   Pub. L. 110–289, div. A, title V, § 1516, July 30, 2008, 122 Stat. 2824

   Source evidence

   Code source credit
   Pub. L. 110–289, div. A, title V, § 1516, July 30, 2008, 122 Stat. 2824

   Enacted provision · exact public law section
   SEC. 1516. REPORTS AND RECOMMENDATIONS TO CONGRESS. (a) Annual Reports.— Not later than 1 year after the date of enactment of this title, and annually thereafter, the Secretary shall submit a report to Congress on the effectiveness of the provisions of this title, 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 the date of enactment of this title, the Secretary shall make recommendations to Congress on legislative reforms to the Real Estate Settlement Procedures Act of 1974, that the Secretary deems appropriate to promote more transparent disclosures, allowing consumers to better shop and compare mortgage loan terms and settlement costs.

2. 2010

   Consumer Financial Protection Act of 2010

   Pub. L. 111–203 title X § 1100(3) · 124 Stat. 1376

   Substituted · 12 U.S.C. § 5115

   Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing

   Source evidence

   Code amendment note
   Pub. L. 111–203 substituted “Director” for “Secretary” wherever appearing.

   Enacted provision · exact public law section
   (3) by 12 USC 5102 et seq. striking “Secretary” each place that term appears and inserting “Director”;

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

2 of 2 references resolved to an enrolled provision