Page:United States Statutes at Large Volume 123.djvu/1662

 123STA T . 1 64 2 PUBLIC LA W 111 – 22 —M A Y 2 0, 200 9(B)inthema tte rp re c e d in gsub paragraph ( A ) , as redesignated b y this paragraph, by stri k ing ‘ ‘ Fo r each ’ ’ and inserting the f o l lo w ing ‘‘( 1 ) PREMIU M S.— For each’’ ( C ) in subparagraph (A), as redesignated by this para - graph, by striking ‘‘e q ual to 3 percent’’ and inserting ‘‘not more than 3 percent’’; and ( D ) in subparagraph (B), as redesignated by this para- graph, by striking ‘‘equal to 1. 5 percent’’ and inserting ‘‘not more than 1.5 percent’’; ( E ) by adding at the end the following: ‘‘( 2 )C ON SI D ER AT IONS.— I n setting the premium under this subsection, the S ecretary shall consider— ‘‘(A) the financial integrity of the HO PE for Home- owners Program; and ‘‘(B) the purposes of the HOPE for Homeowners Pro- gram described in subsection (b).’’; ( 6 ) in subsection (k)— (A) by striking the subsection heading and inserting ‘‘E X IT FEE’’; (B) in paragraph (1), in the matter preceding subpara- graph (A), by striking ‘‘such sale or refinancing’’ and inserting ‘‘the mortgage being insured under this section’’; and (C) in paragraph (2), by striking ‘‘and the mortgagor’’ and all that follows through the end and inserting ‘‘may, upon any sale or disposition of the property to which the mortgage relates, be entitled to up to 5 0 percent of appre- ciation, up to the appraised v alue of the home at the time when the mortgage being refinanced under this section was originally made. T he Secretary may share any amounts received under this paragraph with or assign the rights of any amounts due to the Secretary to the holder of the e x isting senior mortgage on the eligible mortgage, the holder of any existing subordinate mortgage on the eligible mortgage, or both.’’; ( 7 ) in the heading for subsection (n), by striking ‘‘T H E BOARD’’ and inserting ‘‘SE C RETAR Y ’’; ( 8 ) in subsection (p), by striking ‘‘ U nder the direction of the Board, the’’ and inserting ‘‘The’’; ( 9 ) in subsection (s)— (A) in the first sentence of paragraph (2), by striking ‘‘Board of Directors of’’ and inserting ‘‘Advisory Board for’’; and (B) in paragraph (3)(A)(ii), by striking ‘‘subsection (e)(1)(B) and such other’’ and inserting ‘‘such’’; (10) in subsection (v), by inserting after the period at the end the following: ‘‘The Secretary shall conform documents, forms, and procedures for mortgages insured under this section to those in place for mortgages insured under section 203(b) to the maximum extent possible consistent with the require- ments of this section.’’; and (11) by adding at the end the following new subsections: ‘‘(x) PAYMENTS TO SER V ICERS AND ORI G INATORS.—The Secretary may establish a payment to the—