§ 42-55-22.1 - Mortgage disclosure reports.
SECTION 42-55-22.1
§ 42-55-22.1 Mortgage disclosure reports.– (a) Subject to the requirements of § 9-1-28.1, the corporation shallcompile a report and deliver it on or before the close of calendar year 1986 tothe governor, general treasurer, and general assembly containing the followinginformation:
(1) The number and total dollar amount of loans thecorporation has made or participated in pursuant to § 42-55-6(1), (2),(3), and (7) and § 42-55-7(3) during each calendar year from 1974 to 1985,inclusive, in each census tract in the state;
(2) The name of each mortgage lender, the number and totaldollar amount of loans made to each mortgage lender by the corporation,pursuant to § 42-55-7(2) during each calendar year from 1974 to 1985,inclusive, in each census tract in the state. Notwithstanding the provisions ofchapter 37 of title 34, the number, total dollar amount, and seller or assignorof loans the corporation has purchased or taken assignment of broken down bythe race of the borrower, pursuant to § 42-55-7, during the calendar yearin each census tract in the state;
(3) The number, total dollar amount, and seller or assignorof loans the corporation has purchased or taken assignment of pursuant to§ 42-55-7(1) during each calendar year from 1974 to 1985, inclusive, ineach census tract in the state;
(4) The number and total dollar amount of federally insuredmortgages the corporation has bought or sold pursuant to § 42-55-7(3)during each calendar year from 1974 to 1985, inclusive, in each census tract inthe state; and
(5) The number of mortgage loans, the average sale price ofhomes purchased, the average size of mortgage loans made by the corporation forthe purchase of homes, the average household income of borrowers, the averageloan to value ratio, and the total number of new and existing homes,respectively, purchased with loans made by the corporation, without revealingthe name, address, or income of individual borrowers during each fiscal yearfrom 1977 to 1985, inclusive, in each census tract in the state.
(b) Subject to the requirements of § 9-1-28.1, thecorporation shall compile a report and deliver it on or before the close ofcalendar year 1986 and every calendar year thereafter to the governor, generaltreasurer, and general assembly containing the following information:
(1) The number and total dollar amount of loans thecorporation has made or participated in pursuant to § 42-55-6(1), (2),(3), and (7) and § 42-55-7(3) during the calendar year in each censustract in the state;
(2) The name of each mortgage lender, the number, and totaldollar amount of loans made to each mortgage lender by the corporation,pursuant to § 42-55-7(2) during the calendar year in each census tract inthe state;
(3) The number, total dollar amount, and seller or assignorof loans the corporation has purchased or taken assignment of pursuant to§ 42-55-7(1) during the calendar year in each census tract in the state;
(4) The number and total dollar amount of federally insuredmortgages the corporation has bought or sold pursuant to § 42-55-7(3)during the calendar year in each census tract in the state;
(5) The number of mortgage loans, the average sale price ofhomes purchased, the average size of mortgage loans made by the corporation forthe purchase of homes, the average household income of borrowers, the averageloan to value ratio, and the total number of new and existing homes,respectively, purchased with loans made by the corporation, without revealingthe name, address, or income of individual borrowers during the calendar yearin each census tract in the state;
(6) The aggregate number and average dollar value of allloans according to the age of the eldest applicant, in each of the followingcategories: 18-24; 25-34; 35-44; 45-54; 55-59; 60-64; 65-74; and 75 and older;and
(7) The aggregate number and average dollar value of allloans by each of the state representative districts, as the districts from timeto time exist.
(c) The corporation shall make available to the public forinspection and copying at the corporation's office all reports compiled by thecorporation pursuant to this section.