12 2 STA T . 2 65 6 PUBLIC LA W 11 0– 2 89—J UL Y3 0 , 2008 TI T LEV—S.A . F .E. MOR T G AGE LI C E N SING ACT S ec . 150 1.S hort t i t l e. Sec. 150 2 . Pu r p o s es andm ethods f or esta b lishin g a mortgage licensing s y stem and registry. Sec. 150 3 . D efinitions. Sec. 150 4 . License or registration re q uired. Sec. 1505. State license and registration application and issuance. Sec. 150 6 . Standards for State license rene w al. Sec. 150 7 . System of registration administration by Federal agencies. Sec. 150 8 . Secretary of H ousing and U rban De v elopment bac k up authority to es - tablish a loan originator licensing system. Sec. 150 9 . B ackup authority to establish a nationwide mortgage licensing and reg- istry system. Sec. 1510. Fees. Sec. 1511. Background checks of loan originators. Sec. 1512. Confidentiality of information. Sec. 1513. Liability provisions. Sec. 1514. Enforcement under HUD backup licensing system. Sec. 1515. State e x amination authority. Sec. 1516. Reports and recommendations to Congress. Sec. 1517. Study and reports on defaults and foreclosures. TITLE VI—MISCELLANEOUS Sec. 1601. Study and reports on guarantee fees. Sec. 1602. Study and report on default risk evaluation. Sec. 1603. Conversion of HUD contracts. Sec. 1604. Bridge depository institutions. Sec. 1605. Sense of the Senate. DIVISION B—FORECLOSURE PREVENTION Sec. 2001. Short title. Sec. 2002. Emergency designation. TITLE I—FHA MODERNI Z ATION ACT OF 2008 Sec. 2101. Short title. Subtitle A—Building American Homeownership Sec. 2111. Short title. Sec. 2112. Maximum principal loan obligation. Sec. 2113. Cash investment requirement and prohibition of seller-funded down pay- ment assistance. Sec. 2114. Mortgage insurance premiums. Sec. 2115. Rehabilitation loans. Sec. 2116. Discretionary action. Sec. 2117. Insurance of condominiums. Sec. 2118. Mutual Mortgage Insurance Fund. Sec. 2119. Hawaiian home lands and Indian reservations. Sec. 2120. Conforming and technical amendments. Sec. 2121. Insurance of mortgages. Sec. 2122. Home equity conversion mortgages. Sec. 2123. Energy efficient mortgages program. Sec. 2124. Pilot program for automated process for borrowers without sufficient credit history. Sec. 2125. Homeownership preservation. Sec. 2126. Use of FHA savings for improvements in FHA technologies , procedures, processes, program performance, staffing, and salaries. Sec. 2127. Post-purchase housing counseling eligibility improvements. Sec. 2128. Pre-purchase homeownership counseling demonstration. Sec. 2129. Fraud prevention. Sec. 2130. Limitation on mortgage insurance premium increases. Sec. 2131. Savings provision. Sec. 2132. Implementation. Sec. 2133. Moratorium on implementation of risk-based premiums. Subtitle B—Manufactured Housing Loan Moderni z ation Sec. 2141. Short title. Sec. 2142. Purposes. Sec. 2143. Exception to limitation on financial institution portfolio. Sec. 2144. Insurance benefits. Sec. 2145. Maximum loan limits.
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