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U.S. GOVERNMENT
INFORMATION
GP
104TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 104-193
FINANCIAL INSTITUTIONS REGULATORY RELIEF ACT OF
1995
JULY 18, 1995.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. LEACH, from the Committee on Banking and Financial
Services, submitted the following
REPORT
together with
MINORITY AND ADDITIONAL VIEWS
[To accompany H.R. 1858]
[Including cost estimate of the Congressional Budget Office]
The Committee on Banking and Financial Services, to whom was
referred the bill (H.R. 1858) to reduce paperwork and additional
regulatory burdens for depository institutions, having considered
the same, report favorably thereon with an amendment and rec-
ommend that the bill as amended do pass.
The amendment is as follows:
Strike out all after the enacting clause and insert in lieu thereof
the following:
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) SHORT TITLE.-This Act may be cited as the Financial Institutions Regulatory
Relief Act of 1995.
(b) TABLE OF CONTENTS.-The table of contents for this Act is as follows:
Sec. 1. Short title; table of contents.
TITLE I-REDUCTIONS IN GOVERNMENT OVERREGULATION
Subtitle A The Home Mortgage Process
Sec. 101. Regulatory authority over disclosures and escrow accounts under RESPA transferred to Federal Re-
serve Board.
Sec. 102. Simplification and unification of disclosures required under RESPA and TILA for mortgage trans-
actions.
Sec. 103. Increased regulatory flexibility under the Truth in Lending Act.
Sec. 104. Reductions in RESPA regulatory burdens; clarifying amendments.
Sec. 105. Disclosures for adjustable rate mortgages.
Sec. 106. Certain charges.
Sec. 107. Exemptions from rescission.
Sec. 108. Tolerances; basis of disclosures.
Sec. 109. Limitation on liability.
Sec. 110. Limitation on rescission liability.
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