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Modernization of Home Home Mortgage Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB shall think about, as appropriate and constant with appropriate law, proposing amendments to Guideline C to raise the possession limit for exemption from HMDA data collection and reporting requirements for smaller banks, to leave out queries from the scope of HMDA, and to make sure that disclosures safeguard personal privacy and minimize problems, consisting of insufficiently tailored, expensive, and complex software application and training required for reporting monetary institutions.

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4. Capital and Liquidity Alignment. (a) The Vice Chairman for Guidance of the Federal Reserve, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, the Comptroller of the Currency, and the Director of the Federal Real Estate Finance Company (FHFA) shall consider, as suitable and constant with relevant law: (i) revising capital guidelines, constant with appropriate risk-management requirements, to tailor threat weights for all banks, including community banks and other smaller banks, for portfolio mortgages, servicing rights, and warehouse credit lines to the material credit danger of the exposure; (ii) updating security valuation and transfer systems between the Federal Reserve and Federal Mortgage Banks (FHLBs); (iii) expanding access to longerdated FHLB advances connected to property home loan properties; (iv) producing targeted FHLB liquidity programs for entrylevel real estate, owneroccupied purchase loans, and little domestic contractors; (v) accelerating collateral boarding and assessment procedures through standardized information and digital documentation; and (vi) refocusing the FHLBs' Inexpensive Real estate Program on faster-cycle execution and greater monetary utilize for small-scale and owner-occupied housing tasks.

(c) Within 120 days of the date of this order, the Director of the FHFA, in consultation with the heads of other appropriate executive departments and companies, shall submit a report to the Assistant to the President for Economic Policy and the Director of the Workplace of Management and Budget on the performance of nationwide housing finance markets.

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Sec. 5. Building And Construction and Housing Supply. (a) The Vice Chairman for Guidance of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency, shall think about, as proper and constant with relevant law, modifying supervisory guidance both to omit one-to four-family property advancement and building lending from industrial property concentration guidance and to ensure supervisory expectations support accountable construction loaning by community banks.

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6. Appraisal Modernization. (a) The Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of Board of Directors of the FDIC, the Comptroller of the Currency, and the Director of the FHFA shall think about, as proper and consistent with appropriate law and their statutory authorities: (i) updating appraisal policies and assistance to expand making use of alternative assessment designs, desktop and hybrid appraisals, and expert system appraisal tools; (ii) streamlining appraiser certification requirements; and (iii) lowering appraisal requirements for low-risk transactions, including low loan-to-value refinancing and smallbalance loans; and setting clear appraisal timelines.

Sec. 7. Digital Mortgage Modernization. (a) The Secretary of Farming, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA shall consider, as suitable and constant with appropriate law: (i) getting rid of unnecessary wetsignature requirements for disclosures, applications, closing documents, and comparable documents; (ii) standardizing approval of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital home loan requirements.

8. Maintenance and Supervisory Certainty. (a) The Secretary of HUD, the Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency will think about, as appropriate and consistent with applicable law: (i) aligning supervisory expectations to support portfolio home loan maintenance as a core neighborhood banking function; extending curefirst standards to goodfaith maintenance mistakes; streamlining loss mitigation requirements; and issuing a proposed guideline offering exemptions from intricate mortgage services for smaller banks; and (ii) ensuring that supervisory examinations of carrying out, wisely underwritten portfolio loans do not concentrate on technical flaws or count on evolving supervisory analyses.

9. Enforcement. (a) The Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency will think about, as suitable and constant with appropriate law, promoting a policy versus enforcement actions for offenses of consumer financial laws that: (i) dissuades enforcing civil financial penalties, except where the underlying violations are willful, understanding, or negligent; (ii) thinks about excellent business conduct, consisting of a bank's correction of good-faith, technical compliance mistakes; and (iii) permits organizations a sensible chance for self-identification and remediation of proper compliance matters.