MODIFICATION OF MORTGAGE REPORTING REQUIREMENTS.

SEC. 2003. MODIFICATION OF MORTGAGE REPORTING REQUIREMENTS. (a) Information Return Requirements.—Section 6050H(b)(2) of the Internal Revenue Code of 1986 is amended by striking “and” at the end of subparagraph (C), by redesignating subparagraph (D) as subparagraph (G) and by inserting after subparagraph (C) the following new subparagraphs: “(D) the amount of outstanding principal on the mortgage as of the beginning of such calendar year, “(E) the date of the origination of the mortgage, “(F) the address (or other description in the case of property without an address) of the property which secures the mortgage, and” . (b) Statements to Individuals.—Section 6050H(d)(2) of such Code is amended by striking “subsection (b)(2)(C)” and inserting “subparagraphs (C), (D), (E), and (F) of subsection (b)(2)”. (c) [26 U.S.C. 6050H note] Effective date.—The amendments made by this section shall apply to returns required to be made, and statements required to be furnished, after December 31, 2016.