; and (3) by adding at the end the following new paragraph: (2) Treatment of loans held by smaller creditors The Bureau shall, by regulation, exempt from the requirements of subsection (a) any loan secured by a first lien on a consumer’s principal dwelling, if such loan is held by a creditor with assets of $50,000,000,000 or less. . (b) Modification to exemption for small servicers of mortgage loans Section 6 of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2605 ) is amended by adding at the end the following: (n) Small Servicer Exemption The Bureau shall, by regulation, provide exemptions to, or adjustments for, the provisions of this section for servicers that annually service 30,000 or fewer mortgage loans, in order to reduce regulatory burdens while appropriately balancing consumer protections. . 3. Access to Affordable Mortgages (a) Exemption from property appraisal requirements for lower-Cost dwellings Section 129H of the Truth in Lending Act ( 15 U.S.C. 1639h ) is amended by adding at the end the following new subsection: (g) Exemption for certain mortgages The Bureau, the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration Board, and the Federal Housing Finance Agency shall exempt, by rule, a mortgage loan of $250,000 or less from the requirements of this section if such loan appears on the balance sheet of the creditor of such loan for a period of not less than 3 years. . (b) Exemption from penalties for failure To report appraisers Paragraph (1) of section 129E(k) of the Truth in Lending Act ( 15 U.S.C. 1639e(k)(1) ) is amended by inserting after this section the following: , other than subsection (e), . (c) Exemption from appraisal standard requirements for lower-Cost dwellings Section 1110 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 3339 ) is amended— (1) by striking Each Federal financial institutions regulatory agency and the Resolution Trust Corporation and inserting the