Page:United States Statutes at Large Volume 124.djvu/2134

 124 STAT. 2108 PUBLIC LAW 111–203—JULY 21, 2010 (A) by striking ‘‘Except in the case of a mortgage referred to in section 103(aa), these regulations may contain such’’ and inserting ‘‘Except with respect to the provisions of section 129 that apply to a mortgage referred to in section 103(aa), such regulations may contain such addi- tional requirements,’’; and (B) by inserting ‘‘all or’’ after ‘‘exceptions for’’; (5) in section 105(b) (15 U.S.C. 1604(b)), by striking the first sentence and inserting the following: ‘‘The Bureau shall publish a single, integrated disclosure for mortgage loan trans- actions (including real estate settlement cost statements) which includes the disclosure requirements of this title in conjunction with the disclosure requirements of the Real Estate Settlement Procedures Act of 1974 that, taken together, may apply to a transaction that is subject to both or either provisions of law. The purpose of such model disclosure shall be to facilitate compliance with the disclosure requirements of this title and the Real Estate Settlement Procedures Act of 1974, and to aid the borrower or lessee in understanding the transaction by utilizing readily understandable language to simplify the technical nature of the disclosures.’’; (6) in section 105(f)(1) (15 U.S.C. 1604(f)(1)), by inserting ‘‘all or’’ after ‘‘from all or part of this title’’; (7) in section 105 (15 U.S.C. 1604), by adding at the end the following: ‘‘(i) AUTHORITY OF THE BOARD TO PRESCRIBE RULES.—Notwithstanding subsection (a), the Board shall have authority to prescribe rules under this title with respect to a person described in section 1029(a) of the Consumer Financial Protection Act of 2010. Regulations prescribed under this subsection may con- tain such classifications, differentiations, or other provisions, as in the judgment of the Board are nec- essary or proper to effectuate the purposes of this title, to prevent circumvention or evasion thereof, or to facilitate compliance therewith.’’; (8) in section 108 (15 U.S.C. 1604), by adding at the end the following: (A) by striking subsection (a) and inserting the fol- lowing: ‘‘(a) ENFORCING AGENCIES.—Subject to subtitle B of the Con- sumer Financial Protection Act of 2010, compliance with the requirements imposed under this title shall be enforced under— ‘‘(1) section 8 of the Federal Deposit Insurance Act, by the appropriate Federal banking agency, as defined in section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)), with respect to— ‘‘(A) national banks, Federal savings associations, and Federal branches and Federal agencies of foreign banks; ‘‘(B) member banks of the Federal Reserve System (other than national banks), branches and agencies of for- eign banks (other than Federal branches, Federal agencies, and insured State branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25A of the Federal Reserve Act; and 15 USC 1607. Publication.