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Sec. 3. Modernization of Home Mortgage Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB shall consider, as proper and constant with suitable law, proposing modifications to Regulation C to raise the asset threshold for exemption from HMDA information collection and reporting requirements for smaller sized banks, to exclude questions from the scope of HMDA, and to ensure that disclosures safeguard privacy and minimize problems, consisting of insufficiently customized, pricey, and complex software and training required for reporting banks.

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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 Finance Company (FHFA) shall consider, as proper and consistent with appropriate law: (i) modifying capital policies, constant with proper risk-management requirements, to tailor risk weights for all banks, consisting of neighborhood banks and other smaller sized banks, for portfolio mortgages, maintenance rights, and warehouse lines of credit to the product credit threat of the direct exposure; (ii) improving collateral valuation and transfer systems in between the Federal Reserve and Federal Home Loan Banks (FHLBs); (iii) broadening access to longerdated FHLB advances tied to property mortgage assets; (iv) developing targeted FHLB liquidity programs for entrylevel real estate, owneroccupied purchase loans, and little property contractors; (v) accelerating collateral boarding and evaluation processes through standardized information and digital documentation; and (vi) refocusing the FHLBs' Budget Friendly Real estate Program on faster-cycle execution and higher 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 consultation with the heads of other appropriate executive departments and firms, shall submit a report to the Assistant to the President for Economic Policy and the Director of the Workplace of Management and Spending plan on the performance of nationwide real estate finance markets.

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Sec. 5. Building And Construction and Real Estate 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 proper and constant with appropriate law, revising supervisory assistance both to omit one-to four-family property development and building and construction financing from business real estate concentration guidance and to guarantee supervisory expectations support accountable building and 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 will think about, as suitable and constant with applicable law and their statutory authorities: (i) improving appraisal policies and assistance to expand making use of alternative assessment designs, desktop and hybrid appraisals, and synthetic intelligence evaluation 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 Home Mortgage Modernization. (a) The Secretary of Farming, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA will consider, as suitable and constant with suitable law: (i) removing unneeded wetsignature requirements for disclosures, applications, closing documents, and similar documents; (ii) standardizing approval of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital home mortgage standards.

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 proper and constant with relevant law: (i) aligning supervisory expectations to support portfolio home mortgage maintenance as a core neighborhood banking function; extending curefirst requirements to goodfaith maintenance mistakes; simplifying loss mitigation requirements; and issuing a proposed guideline offering exemptions from complicated home loan services for smaller sized banks; and (ii) guaranteeing that supervisory assessments of carrying out, prudently underwritten portfolio loans do not focus on technical problems or rely 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 shall think about, as proper and constant with relevant law, promoting a policy versus enforcement actions for infractions of consumer monetary laws that: (i) prevents imposing civil financial charges, other than where the underlying violations are willful, knowing, or careless; (ii) considers great corporate conduct, including a bank's correction of good-faith, technical compliance errors; and (iii) permits institutions a sensible opportunity for self-identification and removal of proper compliance matters.