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Modernization of Home Mortgage Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB shall consider, as proper and consistent with applicable law, proposing changes to Regulation C to raise the possession threshold for exemption from HMDA information collection and reporting requirements for smaller sized banks, to exclude queries from the scope of HMDA, and to guarantee that disclosures secure privacy and lower concerns, consisting of insufficiently customized, costly, and complex software application and training required for reporting financial organizations.

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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 Housing Financing Company (FHFA) shall think about, as proper and consistent with relevant law: (i) revising capital regulations, consistent with proper risk-management requirements, to customize threat weights for all banks, including neighborhood banks and other smaller banks, for portfolio home mortgages, servicing rights, and storage facility credit lines to the product credit threat of the direct exposure; (ii) updating collateral appraisal and transfer systems in between the Federal Reserve and Federal Home Mortgage Banks (FHLBs); (iii) expanding access to longerdated FHLB advances connected to property home mortgage assets; (iv) developing targeted FHLB liquidity programs for entrylevel housing, owneroccupied purchase loans, and little domestic builders; (v) accelerating security boarding and assessment procedures through standardized data and digital documents; and (vi) refocusing the FHLBs' Cost Effective Real estate Program on faster-cycle execution and higher 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 assessment with the heads of other relevant executive departments and companies, shall send a report to the Assistant to the President for Economic Policy and the Director of the Workplace of Management and Budget plan on the performance of national housing financing markets.

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Sec. 5. Building And Construction and Real Estate 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, will consider, as appropriate and constant with suitable law, revising supervisory assistance both to exclude one-to four-family property development and building lending from business real estate concentration assistance and to make sure supervisory expectations support accountable building and construction financing by neighborhood banks.

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6. Appraisal Modernization. (a) The Vice Chairman for Guidance 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 applicable law and their statutory authorities: (i) updating appraisal policies and assistance to expand the usage of alternative assessment designs, desktop and hybrid appraisals, and expert system appraisal tools; (ii) simplifying appraiser certification requirements; and (iii) lowering appraisal requirements for low-risk deals, consisting of low loan-to-value refinancing and smallbalance loans; and setting clear appraisal timelines.

Digital Mortgage Modernization. (a) The Secretary of Agriculture, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA shall consider, as appropriate and constant with relevant law: (i) eliminating unnecessary wetsignature requirements for disclosures, applications, closing documents, and comparable documents; (ii) standardizing acceptance of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital mortgage standards.

8. Servicing 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 shall think about, as suitable and consistent with suitable law: (i) aligning supervisory expectations to support portfolio home mortgage maintenance as a core community banking function; extending curefirst requirements to goodfaith maintenance errors; simplifying loss mitigation requirements; and providing a proposed rule supplying exemptions from complicated mortgage services for smaller sized banks; and (ii) guaranteeing that supervisory evaluations of performing, prudently underwritten portfolio loans do not concentrate on technical problems or depend on progressing 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 shall think about, as appropriate and constant with relevant law, promoting a policy against enforcement actions for violations of consumer monetary laws that: (i) dissuades enforcing civil monetary charges, except where the underlying violations are willful, knowing, or careless; (ii) thinks about great corporate conduct, including a bank's correction of good-faith, technical compliance mistakes; and (iii) permits organizations a sensible chance for self-identification and removal of appropriate compliance matters.