STANDARDS AND FACTORS IN THE HOME OWNERS’ LOAN ACT.

SEC. 211. STANDARDS AND FACTORS IN THE HOME OWNERS’ LOAN ACT. Section 10(e) of the Home Owners’ Loan Act (12 U.S.C. 1467a(e)) is amended— (1) in paragraph (1), by inserting after subparagraph (B) the following: “Consideration of the managerial resources of a company or savings association under subparagraph (B) shall include consideration of the competence, experience, and integrity of the officers, directors, and principal shareholders of the company or association.”; (2) in paragraph (2)— (A) by inserting after the second sentence “Consideration of the managerial resources of a company or savings association shall include consideration of the competence, experience, and integrity of the officers, directors, and principal shareholders of the company or association.”; (B) by striking “or” at the end of subparagraph (A); (C) by striking the period at the end of subparagraph (B) and inserting a comma; and (D) by inserting after subparagraph (B) the following new subparagraphs: “(C) if the company fails to provide adequate assurances to the Director that the company will make available to the Director such information on the operations or activities of the company, and any affiliate of the company, as the Director determines to be appropriate to determine and enforce compliance with this Act, or “(D) in the case of an application involving a foreign bank, if the foreign bank is not subject to comprehensive supervision or regulation on a consolidated basis by the appropriate authorities in the bank’s home country.”.