Home Loan Quality Transparency Act of 2021
This bill expands requirements for public disclosures by depository institutions and credit unions regarding mortgages and home equity lines of credit. Specifically, institutions originating fewer than 500 mortgage loans or open-end lines of credit annually are no longer exempt from certain financial reporting.
To amend the Home Mortgage Disclosure Act of 1975 to modify the 
            exemptions from certain disclosure requirements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Home Loan Quality Transparency Act 
of 2021''.

SEC. 2. EXEMPTION FROM CERTAIN DISCLOSURE REQUIREMENTS.

    (a) In General.--Section 304 of the Home Mortgage Disclosure Act of 
1975 (12 U.S.C. 2803) is amended--
            (1) by striking subsection (i) and inserting the following:
    ``(i) Exemption From Certain Disclosure Requirements.--The 
requirements of paragraphs (4), (5), and (6) of subsection (b) shall 
not apply with respect to any depository institution described in 
section 303(3)(A) that has total assets, as of the most recent full 
fiscal year of the institution, of $30,000,000 or less.''; and
            (2) by striking subsection (o).
    (b) Technical and Conforming Amendment.--Section 104 of the 
Economic Growth, Regulatory Relief, and Consumer Protection Act (Public 
Law 115-174) is amended by striking subsection (b).
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Home Loan Quality Transparency Act of 2021
A bill to amend the Home Mortgage Disclosure Act of 1975 to modify the exemptions from certain disclosure requirements.
Home Loan Quality Transparency Act of 2021
Sen. Cortez Masto, Catherine