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Modernization of Home Home Mortgage Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB shall think about, as suitable and consistent with appropriate law, proposing amendments to Guideline C to raise the asset limit for exemption from HMDA information collection and reporting requirements for smaller sized banks, to exclude inquiries from the scope of HMDA, and to ensure that disclosures secure personal privacy and lower concerns, including insufficiently customized, expensive, and complex software application and training needed for reporting financial institutions.

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4. Capital and Liquidity Alignment. (a) The Vice Chairman for Supervision 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 Financing Firm (FHFA) shall consider, as proper and constant with applicable law: (i) modifying capital policies, constant with appropriate risk-management requirements, to tailor risk weights for all banks, including community banks and other smaller sized banks, for portfolio home loans, servicing rights, and warehouse credit lines to the product credit threat of the exposure; (ii) improving 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 possessions; (iv) creating targeted FHLB liquidity programs for entrylevel real estate, owneroccupied purchase loans, and small domestic contractors; (v) accelerating security boarding and assessment procedures through standardized information and digital paperwork; and (vi) refocusing the FHLBs' Cost Effective Real estate Program on faster-cycle execution and greater monetary take advantage of for small and owner-occupied real estate projects.

(c) Within 120 days of the date of this order, the Director of the FHFA, in assessment with the heads of other appropriate executive departments and firms, will submit a report to the Assistant to the President for Economic Policy and the Director of the Office of Management and Spending plan on the effectiveness of national housing finance markets.

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Building and Housing Supply. (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 appropriate and consistent with suitable law, modifying supervisory assistance both to leave out one-to four-family property development and building lending from industrial genuine estate concentration guidance and to ensure supervisory expectations support accountable construction lending 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 suitable and constant with applicable law and their statutory authorities: (i) improving appraisal policies and guidance to expand the use of alternative appraisal designs, desktop and hybrid appraisals, and artificial intelligence evaluation tools; (ii) streamlining appraiser credentials requirements; and (iii) reducing appraisal requirements for low-risk deals, consisting of low loan-to-value refinancing and smallbalance loans; and setting clear appraisal timelines.

Digital Home Mortgage Modernization. (a) The Secretary of Farming, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA shall think about, as proper and constant with applicable law: (i) removing unnecessary wetsignature requirements for disclosures, applications, closing documents, and similar files; (ii) standardizing acceptance of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital home loan requirements.

8. Servicing and Supervisory Certainty. (a) The Secretary of HUD, 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: (i) lining up supervisory expectations to support portfolio mortgage maintenance as a core neighborhood banking function; extending curefirst requirements to goodfaith maintenance mistakes; simplifying loss mitigation requirements; and issuing a proposed rule offering exemptions from complicated home loan services for smaller banks; and (ii) making sure that supervisory examinations of carrying out, wisely underwritten portfolio loans do not focus on technical problems or count on developing 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 appropriate and consistent with applicable law, promulgating a policy versus enforcement actions for violations of customer financial laws that: (i) prevents imposing civil monetary charges, other than where the underlying offenses are willful, knowing, or negligent; (ii) considers great business conduct, consisting of a bank's correction of good-faith, technical compliance errors; and (iii) enables institutions a sensible chance for self-identification and removal of suitable compliance matters.