Page:United States Statutes at Large Volume 124.djvu/2233

 124 STAT. 2207 PUBLIC LAW 111–203—JULY 21, 2010 (1) in paragraph (2), by striking ‘‘resulting’’ and inserting ‘‘in each State that result’’; (2) in paragraph (3), by inserting ‘‘each State for’’ after ‘‘modifications in’’; and (3) in paragraph (4), by inserting ‘‘in each State’’ after ‘‘total number of loans’’. (b) CONFORMING AMENDMENT.—Section 104(b)(1)(A) of such Act is amended by adding at the end the following sentence: ‘‘Not later than 60 days after the date of the enactment of the Dodd- Frank Wall Street Reform and Consumer Protection Act, the Comp- troller of the Currency and the Director of the Office of Thrift Supervision shall update such requirements to reflect amendments made to this section by such Act.’’. SEC. 1494. STUDY OF EFFECT OF DRYWALL PRESENCE ON FORE- CLOSURES. (a) STUDY.—The Secretary of Housing and Urban Development, in consultation with the Secretary of the Treasury, shall conduct a study of the effect on residential mortgage loan foreclosures of— (1) the presence in residential structures subject to such mortgage loans of drywall that was imported from China during the period beginning with 2004 and ending at the end of 2007; and (2) the availability of property insurance for residential structures in which such drywall is present. (b) REPORT.—Not later than the expiration of the 120-day period beginning on the date of the enactment of this Act, the Secretary of Housing and Urban Development shall submit to the Congress a report on the study conducted under subsection (a) containing its findings, conclusions, and recommendations. SEC. 1495. DEFINITION. For purposes of this title, the term ‘‘designated transfer date’’ means the date established under section 1062 of this Act. SEC. 1496. EMERGENCY MORTGAGE RELIEF. (a) EMERGENCY HOMEOWNERS’ RELIEF FUND.—Ef fective October 1, 2010, and notwithstanding any other provision of law, there is hereby made available to the Secretary of Housing and Urban Development such sums as are necessary to provide $1,000,000,000 in assistance through the Emergency Homeowners’ Relief Fund, which such Secretary shall establish pursuant to section 107 of the Emergency Housing Act of 1975 (12 U.S.C. 2706), as such Act is amended by this section, for use for emergency mortgage assistance in accordance with title I of such Act. (b) REAUTHORIZATION OF EMERGENCY MORTGAGE RELIEF PRO- GRAM.—Title I of the Emergency Housing Act of 1975 is amended— (1) in section 103 (12 U.S.C. 2702)— (A) in paragraph (2)— (i) by striking ‘‘have indicated’’ and all that follows through ‘‘regulation of the holder’’ and insert ‘‘have certified’’; (ii) by striking ‘‘(such as the volume of delinquent loans in its portfolio)’’; and (iii) by striking ‘‘, except that such statement’’ and all that follows through ‘‘purposes of this title’’; and Effective date. 12 USC 2706 note. 15 USC 1601 note. Deadline.