MAXIMUM LOAN LIMITS.

SEC. 2145. MAXIMUM LOAN LIMITS.(a) Dollar Amounts.—Paragraph (1) of section 2(b) of the National Housing Act (12 U.S.C. 1703(b)(1)) is amended—(1) in clause (ii) of subparagraph (A), by striking “$17,500” and inserting “$25,090”;122 STAT. 2845(2) in subparagraph (C) by striking “$48,600” and inserting “$69,678”;(3) in subparagraph (D) by striking “$64,800” and inserting “$92,904”;(4) in subparagraph (E) by striking “$16,200” and inserting “$23,226”; and(5) by realigning subparagraphs (C), (D), and (E) 2 ems to the left so that the left margins of such subparagraphs are aligned with the margins of subparagraphs (A) and (B).(b) Annual Indexing.—Subsection (b) of section 2 of the National Housing Act (12 U.S.C. 1703(b)), as amended by the preceding provisions of this title, is further amended by adding at the end the following new paragraph:“(9) Annual indexing of manufactured housing loans.—The Secretary shall develop a method of indexing in order to annually adjust the loan limits established in subparagraphs (A)(ii), (C), (D), and (E) of this subsection. Such index shall be based on the manufactured housing price data collected by the United States Census Bureau. The Secretary shall establish such index no later than 1 year after the date of the enactment of the FHA Manufactured Housing Loan Modernization Act of 2008.”(c) Technical and Conforming Changes.—Paragraph (1) of section 2(b) of the National Housing Act (12 U.S.C. 1703(b)(1)) is amended—(1) by striking “No” and inserting “Except as provided in the last sentence of this paragraph, no”; and(2) by adding after and below subparagraph (G) the following: “The Secretary shall, by regulation, annually increase the dollar amount limitations in subparagraphs (A)(ii), (C), (D), and (E) (as such limitations may have been previously adjusted under this sentence) in accordance with the index established pursuant to paragraph (9).”.