Page:United States Statutes at Large Volume 124.djvu/2182

 124 STAT. 2156 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(G) The names, addresses, telephone numbers, and Internet addresses of counseling agencies or programs reasonably available to the consumer that have been cer- tified or approved and made publicly available by the Sec- retary of Housing and Urban Development or a State housing finance authority (as defined in section 1301 of the Financial Institutions Reform, Recovery, and Enforce- ment Act of 1989). ‘‘(H) Such other information as the Board may pre- scribe in regulations. ‘‘(2) DEVELOPMENT AND USE OF STANDARD FORM.—The Board shall develop and prescribe a standard form for the disclosure required under this subsection, taking into account that the statements required may be transmitted in writing or electronically. ‘‘(3) EXCEPTION.—Paragraph (1) shall not apply to any fixed rate residential mortgage loan where the creditor, assignee, or servicer provides the obligor with a coupon book that provides the obligor with substantially the same information as required in paragraph (1).’’. SEC. 1421. REPORT BY THE GAO. (a) REPORT REQUIRED.—The Comptroller General of the United States shall conduct a study to determine the effects the enactment of this Act will have on the availability and affordability of credit for consumers, small businesses, homebuyers, and mortgage lending, including the effect— (1) on the mortgage market for mortgages that are not within the safe harbor provided in the amendments made by this subtitle; (2) on the ability of prospective homebuyers to obtain financing; (3) on the ability of homeowners facing resets or adjust- ments to refinance—for example, do they have fewer refi- nancing options due to the unavailability of certain loan prod- ucts that were available before the enactment of this Act; (4) on minorities’ ability to access affordable credit com- pared with other prospective borrowers; (5) on home sales and construction; (6) of extending the rescission right, if any, on adjustable rate loans and its impact on litigation; (7) of State foreclosure laws and, if any, an investor’s ability to transfer a property after foreclosure; (8) of expanding the existing provisions of the Home Owner- ship and Equity Protection Act of 1994; (9) of prohibiting prepayment penalties on high-cost mort- gages; and (10) of establishing counseling services under the Depart- ment of Housing and Urban Development and offered through the Office of Housing Counseling. (b) REPORT.—Before the end of the 1-year period beginning on the date of the enactment of this Act, the Comptroller General shall submit a report to the Congress containing the findings and conclusions of the Comptroller General with respect to the study conducted pursuant to subsection (a). (c) EXAMINATION RELATED TO CERTAIN CREDIT RISK RETENTION PROVISIONS.—The report required by subsection (b) shall also