A bill to amend the Real Estate Settlement Procedures Act of 1974 to exempt lenders from certain requirements of the act with respect to any real estate settlement where the total charges to be imposed upon the borrower are $100 or less.

Exempts lenders from the statement of settlement costs and advance disclosure of settlement costs requirements of the Real Estate Settlement Procedures Act of 1974 with respect to any real estate settlement for which the aggregate costs to be imposed on the borrower are $100 or less.