Page:United States Statutes at Large Volume 101 Part 3.djvu/647

 PUBLIC LAW 100-242—FEB. 5, 1988

101 STAT. 1945

ment and Budget that prohibit, modify, postpone, or disapprove such rule or regulation in whole or part.". SEC. 564. RESEARCH AND DEVELOPMENT.

Section 501 of the Housing and Urban Development Act of 1970 is 12 USC I70lz-l. amended by striking the second and third sentences and inserting the following: "There are authorized to be appropriated to carry out this title $17,000,000 for fiscal year 1988, and $18,000,000 for fiscal year 1989.". SEC. 565. HOME MORTGAGE DISCLOSURE. (a) APPLICABILITY TO MORTGAGE BANKING AFFIUATES.—

(1) Section 303(2) of the Home Mortgage Disclosure Act of 1975 is amended— (A) by striking "or" the first place it appears; and (B) by inserting before the semicolon at the end the following: ", mortgage banking subsidiary of a bank holding company or savings and loan holding company, or savings and loan service corporation that originates or purchases mortgage loans". (2) Section 304 of the Home Mortgage Disclosure Act of 1975 is amended by adding at the end the following new subsection: "(g) The requirements of subsections (a) and (b) shall not apply with respect to mortgage loans that are— "(1) made by any mortgage banking subsidiary of a bank holding company or savings and loan holding company or by any savings and loan service corporation that originates or purchases mortgage loans; and "(2) approved by the Secretary for insurance under title I or II of the National Housing Act.". (3) The first sentence of section 311 of the Home Mortgage Disclosure Act of 1975 is amended by inserting after "3060t>)" the following: "(and for each mortgagee making mortgage loans exempted under section 304(g))". (4) The amendments made by this subsection shall be applicable to calendar years beginning after December 31, 1986. (b) PERMANENT EXTENSION OF GENERAL AUTHORITY.—The Home Mortgage Disclosure Act of 1975 is amended by striking section 312. SEC. 566. LEAD-BASED PAINT POISONING PREVENTION. (a) DETECTION AND ABATEMENT PROCEDURES.—Section 302 of

12 USC 2802.

12 USC 2803.

12 USC 2810.

Effective date. 12 USC 2802 note. 12 USC 2811. Safety.

the

42 USC 4822. Lead-Based Paint Poisoning Prevention Act is amended— (1) by inserting after the section designation the following: "(a) GENERAL REQUIREMENTS.—";

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(2) in the second sentence, by striking "housing constructed prior to 1950" and inserting the following: "housing constructed or substantially rehabilitated prior to 1978"; (3) in clause (1) of the second sentence, by striking "paint Children and which may contain lead and to which children may be exposed" youth. and inserting the following: "accessible intact, intact, and nonintact interior and exterior painted surfaces that may contain lead in any such housing in which any child who is less than 7 years of age resides or is expected to reside"; (4) in clause (2) of the second sentence, by inserting after "notification" the following: "(using a brochure developed after consultation with the National Institute of Building Sciences)"; (5) by striking the third sentence; and

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