the economy. (6) In order to maximize efficiency and transparency, it is necessary to clarify and reinforce existing law by codifying clear and straightforward standards that establish that an insured depository institution is the lender on any loan or discount made, or upon any note, bill of exchange or other evidence of debt where it is the party to which the debt is initially owed according to its terms and that any relationship with a third party that performs lending-related functions does not affect the determination of such institution’s role as the lender or its location. 3. Location of insured depository institution (a) Amendment to the Bank Service Company Act Section 7 of the Bank Service Company Act ( 12 U.S.C. 1867 ) is amended— (1) by redesignating subsection (d) as subsection (e)