Statutes, codes, and regulations
United States Code
Title 12 - BANKS AND BANKINGChapter 46 - GOVERNMENT SPONSORED ENTERPRISESSubchapter I - SUPERVISION AND REGULATION OF ENTERPRISES
Part A - FINANCIAL SAFETY AND SOUNDNESS REGULATOR
Section 4514a - Study and reports on guarantee fees

12 U.S.C. § 4514a

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Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 4514a - Study and reports on guarantee fees
(a) Ongoing study of fees

The Director shall conduct an ongoing study of fees charged by enterprises for guaranteeing a mortgage.

(b) Collection of data

The Director shall, by regulation or order, establish procedures for the collection of data from enterprises for purposes of this subsection,1 including the format and the process for collection of such data.

(c) Reports to Congress

The Director shall annually submit a report to Congress on the results of the study conducted under subsection (a), based on the aggregated data collected under subsection (a) for the subject year, regarding the amount of such fees and the criteria used by the enterprises to determine such fees.

(d) Contents of reports

The reports required under subsection (c) shall identify and analyze-

(1) the factors considered in determining the amount of the guarantee fees charged;
(2) the total revenue earned by the enterprises from guarantee fees;
(3) the total costs incurred by the enterprises for providing guarantees;
(4) the average guarantee fee charged by the enterprises;
(5) an analysis of any increase or decrease in guarantee fees from the preceding year;
(6) a breakdown of the revenue and costs associated with providing guarantees, based on product type and risk classifications; and
(7) a breakdown of guarantee fees charged based on asset size of the originator and the number of loans sold or transferred to an enterprise.
(e) Protection of information

Nothing in this section may be construed to require or authorize the Director to publicly disclose information that is confidential or proprietary.

1 So in original. Probably should be "section".

12 U.S.C. § 4514a

Pub. L. 110-289, div. A, title VI, §16011601,, 122 Stat. 2824.

EDITORIAL NOTES

CODIFICATIONSection was enacted as part of the Federal Housing Finance Regulatory Reform Act of 2008, and also as part of the Housing and Economic Recovery Act of 2008, and not as part of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 which comprises this chapter.

STATUTORY NOTES AND RELATED SUBSIDIARIES

DEFINITIONSFor definitions of terms used in this section, see section 1002(b) of Pub. L. 110-289 set out as a note under section 4511 of this title.

Director
The term "Director" means the Director of the Bureau.
enterprise
The term "enterprise" means-(A) the Federal National Mortgage Association and any affiliate thereof; and(B) the Federal Home Loan Mortgage Corporation and any affiliate thereof.