PUBLIC LAW 105-276—OCT. 21, 1998 112 STAT. 2655 (5) by redesignating subsection (1) (as added by subsection (c) of this section) as subsection (k). (e) DISCLOSURE REQUIREMENTS AND PROHIBITION OF FUNDING OF UNNECESSARY OR EXCESSIVE COSTS. — (1) IN GENERAL.— Section 255(d) of the National Housing Act (12 U.S.C. 1715z-20(d)) is amended— (A) in paragraph (2)— (i) in subparagraph (B), by striking "and" at the end; (ii) by redesignating subparagraph (C) as subparagraph (D); and (iii) by inserting after subparagraph (B) the following: "(C) has received full disclosure, as prescribed by the Secretary, of all costs charged to the mortgagor, including costs of estate planning, financial advice, and other services that are related to the mortgage but are not required to obtain the mortgage, which disclosure shall clearly state which charges are required to obtain the mortgage and which are not required to obtain the mortgage; and" (B) in paragraph (9)(F), by striking "and"; (C) in paragraph (10), by striking the period at the end and inserting "; and"; and (D) by adding at the end the following: "(11) have been made with such restrictions as the Secretary determines to be appropriate to ensure that the mortgagor does not fund any unnecessary or excessive costs for obtaining the mortgage, including any costs of estate planning, financial advice, or other related services.". (2) IMPLEMENTATION. — (A) NOTICE. —The Secretary of Housing and Urban Development shall, by interim notice, implement the amendments made by paragraph (1) in an expeditious manner, as determined by the Secretary. Such notice shall not be effective after the date of the effectiveness of the final regulations issued under subparagraph (B) of this paragraph. (B) REGULATIONS. —The Secretary shall, not later than the expiration of the 90-day period beginning on the date of the enactment of this Act, issue final regulations to implement the amendments made by paragraph (1). Such regulations shall be issued only after notice and opportunity for public comment pursuant to the provisions of section 553 of title 5, United States Code (notwithstanding subsections (a)(2) and (b)(3)(B) of such section). (f) EFFECTIVE DATE. —This section shall take effect on, and the amendments made by this section are made on, and shall apply beginning upon, the date of the enactment of this Act. SEC. 594. HOUSING COUNSELING. (a) EXTENSION OF EMERGENCY HOMEOWNERSHIP COUNSELING.— Section 106(c)(9) of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x(c)(9)) is amended by striking "September 30, 1994" and inserting "September 30, 2000". (b) NOTIFICATION OF DELINQUENCY ON VETERANS HOME LOANS.— 12 USC 1715Z-20 note. Deadline. 12 USC 1715Z-20 note.
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