# § 5115. Reports and recommendations to Congress
**(a)** **Annual reports** July 30, 2008
Not later than 1 year after , and annually thereafter, the Director shall submit a report to Congress on the effectiveness of the provisions of this chapter, including legislative recommendations, if any, for strengthening consumer protections, enhancing examination standards, streamlining communication between all stakeholders involved in residential mortgage loan origination and processing, and establishing performance based bonding requirements for mortgage originators or institutions that employ such brokers.
**(b)** **Legislative recommendations** July 30, 200812 U.S.C. 2601
Not later than 6 months after , the Director shall make recommendations to Congress on legislative reforms to the Real Estate Settlement Procedures Act of 1974 [ et seq.], that the Director deems appropriate to promote more transparent disclosures, allowing consumers to better shop and compare mortgage loan terms and settlement costs.
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**Source Credit**: (Pub. L. 110–289, div. A, title V, § 1516, July 30, 2008, 122 Stat. 2824; Pub. L. 111–203, title X, § 1100(3), July 21, 2010, 124 Stat. 2106.)
## Editorial Notes
### References in Text
The Real Estate Settlement Procedures Act of 1974, referred to in subsec. (b), is , , , which is classified principally to chapter 27 (§ 2601 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.
### Amendments
2010— substituted “Director” for “Secretary” wherever appearing.
## Statutory Notes and Related Subsidiaries
### Effective Date of 2010 Amendment
Amendment by effective on the designated transfer date, see , set out as a note under , Government Organization and Employees.