PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4243 eligible homeowner counseled and shall provide information with respect to such counseling as the Secretary or the Comptroller General (for purposes of the study and report under paragraph (9)) may require. "(9) GAO STUDY AND REPORT.— "(A) STUDY.—During the 12-month period ending on the termination date under paragraph (13), the Comptroller General of the United States shall conduct a study to assess the effectiveness of the demonstration program and counseling under the program. The study shall include— "(i) a comparison of the default and foreclosure rates for each counseling target area and other aresis, including each corresponding control area; (ii) a survey of eligible homebuyers and eligible homeowners counseled under the program; and "(iii) identification of factors preventing participation in the program for single family home mortgage insurance under the National Housing Act and contributing to default and foreclosure under such program. "(B) REPORT.— The Comptroller General shall submit to the Committees on Banking, Finance and Urban Affairs and Veterans' Affairs of the House of Representatives, the Committees on Banking, Housing, and Urban Affairs and Veterans' Affairs of the Senate, the Secretary of Housing and Urban Development, and the Secretary of Veterans Affairs, not later than the termination date under paragraph (13), a report regarding the study under subparagraph (A). The report shall include— "(i) information describing the results of the activities under clauses (i) through (iii) of such subparagraph; "(ii) an assessment of the effectiveness of the counseling under the program in preventing default and foreclosure, based on comparison between counseling target areas and control areas; and "(iii) a recommendation of whether a permanent counseling program involving prepurchase counseling or foreclosure-prevention counseling would be effective in reducing defaults and foreclosures on qualified mortgages. "(10) DEFINITIONS.— For purposes of this subsection: "(A) The term 'control area' means an area designated by the Secretary under paragraph (7)(E). "(B) The term 'counseling target area' means an area designated by the Secretary under paragraph (7)(A). "(C) The term 'creditor' means a person or entity that is servicing a loan secured by a qualified mortgage on behalf of itself or another person or entity. "(D) The term 'displaced homemaker' means an individual who— "(i) is an adult; "(ii) has not worked full-time, full-year in the labor force for a number of years, but has during such years, worked primarily without remuneration to care for the home and family; and "(iii) is unemployed or underemployed and is experiencing difficulty in obtaining or upgrading employ- ment.
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