Application of certain residential mortgage loan fees and penalties modified.

This bill creates an exception to certain rules for residential mortgage loans. Specifically, it exempts purchase money, first lien, or DSCR loans from these rules if they are made for investment purposes, the borrower does not live in the property, and the seller does not continue to live there after the sale. The bill also defines a "DSCR loan" as a mortgage secured by investment property where the loan decision is based on the property's expected cash flow rather than the borrower's personal income.

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