; or (ii) 12 months of the prior monthly rent. (E) For a material violation of subparagraph (G) or (H) of subsection (b)(1), the total remaining monthly rent owed on the tenant’s lease. (F) For a material violation of subsection (b)(1)(I), the greater of 2 months rent or 10 percent of the sale price of the community divided by the number of tenants in the manufactured housing community. 4. Manufactured Home Company Lending Standards Commission (a) Establishment There is established a commission to be known as the Manufactured Home Company Lending Standards Commission. (b) Duties (1) Proposed standards Not later than 1 year after the date of enactment of this Act, the Commission shall submit to Congress, the Secretary, and the Director a report that sets forth proposed consumer protection standards for covered loan programs that— (A) are in addition to and provide greater protection than the requirements described in section 3(b); and (B) could be used as a basis for establishing covered pricing incentives under the covered loan programs that comply with section 3(c). (2) Standard for determinations Any determination by the Commission to approve a consumer protection in the proposed standards required under paragraph (1) shall be made by a vote of a simple majority of the members of the Commission. (c) Membership (1) Number and appointment The Commission shall be composed of 16 members, as follows: (A) The Secretary (or the Secretary’s designee). (B) The Director (or the Director’s designee). (C) 1 representative from each enterprise. (D) 3 each shall be appointed by the Speaker of the House of Representatives, the minority leader of the House of Representatives, the majority leader of the Senate, and the minority leader of the Senate. Of the 3 members appointed by each such officer— (i) 1 shall be employed at the time of appointment as a professor or academic researcher with demonstrated background in housing and consumer protection issues, especially as they relate to manufactured housing