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PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 2207

(1) in paragraph (2), by striking ‘‘resulting’’ and inserting
‘‘in each State that result’’;
(2) in paragraph (3), by inserting ‘‘each State for’’ after
‘‘modifications in’’; and
(3) in paragraph (4), by inserting ‘‘in each State’’ after
‘‘total number of loans’’.
(b) CONFORMING AMENDMENT.—Section 104(b)(1)(A) of such Act
is amended by adding at the end the following sentence: ‘‘Not Deadline.
later than 60 days after the date of the enactment of the Dodd-
Frank Wall Street Reform and Consumer Protection Act, the Comp-
troller of the Currency and the Director of the Office of Thrift
Supervision shall update such requirements to reflect amendments
made to this section by such Act.’’.

SEC. 1494. STUDY OF EFFECT OF DRYWALL PRESENCE ON FORE-
CLOSURES.
(a) STUDY.—The Secretary of Housing and Urban Development,
in consultation with the Secretary of the Treasury, shall conduct
a study of the effect on residential mortgage loan foreclosures
of—
(1) the presence in residential structures subject to such
mortgage loans of drywall that was imported from China during
the period beginning with 2004 and ending at the end of 2007;
and
(2) the availability of property insurance for residential
structures in which such drywall is present.
(b) REPORT.—Not later than the expiration of the 120-day period
beginning on the date of the enactment of this Act, the Secretary
of Housing and Urban Development shall submit to the Congress
a report on the study conducted under subsection (a) containing
its findings, conclusions, and recommendations.

SEC. 1495. DEFINITION. 15 USC 1601
note.
For purposes of this title, the term ‘‘designated transfer date’’
means the date established under section 1062 of this Act.

SEC. 1496. EMERGENCY MORTGAGE RELIEF. (a) EMERGENCY HOMEOWNERS’ RELIEF FUND.—Effective October Effective date. 1, 2010, and notwithstanding any other provision of law, there 12 USC 2706 is hereby made available to the Secretary of Housing and Urban note. Development such sums as are necessary to provide $1,000,000,000 in assistance through the Emergency Homeowners’ Relief Fund, which such Secretary shall establish pursuant to section 107 of the Emergency Housing Act of 1975 (12 U.S.C. 2706), as such Act is amended by this section, for use for emergency mortgage assistance in accordance with title I of such Act. (b) REAUTHORIZATION OF EMERGENCY MORTGAGE RELIEF PRO- GRAM.—Title I of the Emergency Housing Act of 1975 is amended— (1) in section 103 (12 U.S.C. 2702)— (A) in paragraph (2)— (i) by striking ‘‘have indicated’’ and all that follows through ‘‘regulation of the holder’’ and insert ‘‘have certified’’; (ii) by striking ‘‘(such as the volume of delinquent LAWS loans in its portfolio)’’; and (iii) by striking ‘‘, except that such statement’’ and all that follows through ‘‘purposes of this title’’; andPUBLIC with on anorris VerDate Nov 24 2008 04:10 Sep 04, 2010 Jkt 089139 PO 00203 Frm 00833 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203