Page:United States Statutes at Large Volume 105 Part 3.djvu/422

 105 STAT. 2306 PUBLIC LAW 102-242—DEC. 19, 1991 SEC. 222. DISCUSSION OF LENDING DATA. (a) PuBuc SECTIONS OF COMMUNITY REINVESTMENT ACT RE- PORTS. —Section 8O70k))(l)(B) of the Community Reinvestment Act of 1977 (12 U.S.C. 2906(b)(1)(B)) is amended by inserting "and data" after "facts". (b) OTHER COMMUNITY REINVESTMENT ACT AMENDMENTS.—Section 807 of the Community Reinvestment Act of 1977 (12 U.S.C. 2906) is amended— (1) in subsection (a)(1), by striking "depository institutions regulatory agency" and inserting "financial supervisory agency"; (2) in subsection (b)(1)(A)— (A) by striking "depository institutions regulatory agency's" and inserting "financial supervisory agency's"; and (B) by striking ' depository institutions regulatory agencies" and inserting "financial supervisory agencies"; and (3) in subsection (c), by striking "depository institutions regulatory agency" each place such term appears and inserting "financial supervisory agency". SEC. 223. ENFORCEMENT OF EQUAL CREDIT OPPORTUNITY ACT. (a) PATTERN OR PRACTICE.—Section 706(g) of the Equal Credit Opportunity Act (15 U.S.C. 1691e(g)) is amended by adding at the end the following new sentence: "Each agency referred to in paragraphs (1), (2), and (3) of section 704(a) shall refer the matter to the Attorney General whenever the agency has reason to believe that 1 or more creditors has engaged in a pattern or practice of discouraging or denying applications for credit in violation of section 701(a). Each such agency may refer the matter to the Attorney General whenever the agency has reason to believe that 1 or more creditors has violated section 701(a).". (b) DAMAGES.— Section 706(h) of the Equal Credit Opportunity Act (15 U.S.C. 1691e(h)) is amended by inserting "actual and punitive damages and" after "including". (c) NOTICE TO HUD. —Section 706 of the Equal Credit Opportunity Act (15 U.S.C. 1691e) is amended by adding at the end the following new subsection: "(k) NOTICE TO HUD OF VIOLATIONS.— Whenever an agency referred to in paragraph (1), (2), or (3) of section 704(a)— "(1) has reason to believe, as a result of receiving a consumer complaint, conducting a consumer compliance examination, or otherwise, that a violation of this title has occurred; "(2) has reason to believe that the alleged violation would be a violation of the Fair Housing Act; and "(3) does not refer the matter to the Attorney General pursuant to subsection (g), the agency shall notify the Secretary of Housing and Urban Development of the violation, and shall notify the applicant that the Secretary of Housing and Urban Development has been notified of the alleged violation and that remedies for the violation may be available under the Fair Housing Act.". (d) APPRAISALS.— Section 701 of the Equal Credit Opportunity Act (15 U.S.C. 1691) is amended by adding at the end the following: "(e) Each creditor shall promptly ftirnish an applicant, upon written request by the applicant made within a reasonable period of time of the application, a copy of the appraisal report used in connection with the applicant's application for a loan that is or

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