DISCLOSURES UNDER THE HOME MORTGAGE DISCLOSURE ACT OF 1975.

SEC. 932. DISCLOSURES UNDER THE HOME MORTGAGE DISCLOSURE ACT OF 1975. (a) In General.—Section 304 of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2803) is amended by adding at the end the following new subsections: “(j) Loan Application Register Information.— “(1) In general.—In addition to the information required to be disclosed under subsections (a) and (b), any depository institution which is required to make disclosures under this section shall make available to the public, upon request, loan application register information (as defined by the Board by regulation) in the form required under regulations prescribed by the Board. “(2) Format of disclosure.— “(A) Unedited format.—Subject to subparagraph (B), the loan application register information described in paragraph (1) may be disclosed by a depository institution with-out editing or compilation and in the format in which such information is maintained by the institution. “(B) Protection of applicant’s privacy interest.— The Board shall require, by regulation, such deletions as the Board may determine to be appropriate to protect— “(i) any privacy interest of any applicant, including the deletion of the applicant’s name and identification number, the date of the application, and the date of any determination by the institution with respect to such application; and “(ii) a depository institution from liability under any Federal or State privacy law. “(C) Census tract format encouraged.—It is the sense of the Congress that a depository institution should provide loan register information under this section in a 106 STAT. 3890format based on the census tract in which the property is located. “(3) Change of form not required.—A depository institution meets the disclosure requirement of paragraph (1) if the institution provides the information required under such paragraph in the form in which the institution maintains such information. “(4) Reasonable charge for information.—Any depository institution which provides information under this sub-section may impose a reasonable fee for any cost incurred in reproducing such information. “(5) Time of disclosure.— The disclosure of the loan application register information described in paragraph (1) for any year pursuant to a request under paragraph (1) shall be made— “(A) in the case of a request made on or before March 1 of the succeeding year, before April 1 of the succeeding year; and “(B) in the case of a request made after March 1 of the succeeding year, before the end of the 30-day period beginning on the date the request is made. “(6) Retention of information.—Notwithstanding sub-section (c), the loan application register information described in paragraph (1) for any year shall be maintained and made available, upon request, for 3 years after the close of the 1st year during which such information is required to be maintained and made available. “(7) Minimizing compliance costs.—In prescribing regulations under this subsection, the Board shall make every effort to minimize the costs incurred by a depository institution in complying with this subsection and such regulations. “(k) Disclosure of Statements by Depository Institutions.— “(1) In general.— In accordance with procedures established by the Board pursuant to this section, any depository institution required to make disclosures under this section— “(A) shall make a disclosure statement available, upon request, to the public no later than 3 business days after the institution receives the statement from the Federal Financial Institutions Examination Council; and “(B) may make such statement available on a floppy disc which may be used with a personal computer or in any other media which is not prohibited under regulations prescribed by the Board. “(2) Notice that data is subject to correction after final review.— Any disclosure statement provided pursuant to paragraph (1) shall be accompanied by a clear and conspicuous notice that the statement is subject to final review and revision, if necessary. “(3) Reasonable charge for information.—Any depository institution which provides a disclosure statement pursuant to paragraph (1) may impose a reasonable fee for any cost incurred in providing or reproducing such statement. “(l) Prompt Disclosures.— “(1) In general.—Any disclosure of information pursuant to this section or section 310 shall be made as promptly as possible. 106 STAT. 3891 “(2) Maximum disclosure period.— “(A) 6- and 9-month maximum periods.— Except as provided in subsections (j)(5) and (k)(1) and regulations prescribed by the Board and subject to subparagraph (B), any information required to be disclosed for any year beginning after December 31, 1992, under— “(i) this section shall be made available to the public before September 1 of the succeeding year; and “(ii) section 310 shall be made available to the public before December 1 of the succeeding year. “(B) Shorter periods encouraged after ism.— With respect to disclosures of information under this section or section 310 for any year beginning after December 31, 1993, every effort shall be made— “(i) to make information disclosed under this section available to the public before July 1 of the succeeding year; and “(ii) to make information required to be disclosed under section 310 available to the public before September 1 of the succeeding year. “(3) Improved procedure.—The Federal Financial Institutions Examination Council shall make such changes in the system established pursuant to subsection (f) as may be necessary to carry out the requirements of this subsection. . (b) Technical and Conforming Amendment.—Section 304(c) of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2803(c)) is amended by inserting “, other than loan application register information under subsection (j),” after “under this section”. (c) Effective Date.—The amendments made by subsections (a) and (b) shall apply with respect to information disclosed under section 304 of the Home Mortgage Disclosure Act of 1975 for any year which ends after the date of the enactment of this Act.