REPEAL OF OVERLAPPING RULES GOVERNING PURCHASED MORTGAGE SERVICING RIGHTS.

SEC. 402. REPEAL OF OVERLAPPING RULES GOVERNING PURCHASED MORTGAGE SERVICING RIGHTS. Section 5(t) of the Home Owners’ Loan Act (12 U.S.C. 1464(t)) is amended—(1) by striking paragraph (4) and inserting the following:“(4) [Repealed].”; and(2) in paragraph (9)(A), by striking “intangible assets, plus” and all that follows through the period at the end and inserting “intangible assets.”.