summary
Introduced
03/05/2018
03/05/2018
In Committee
03/05/2018
03/05/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
TRID Improvement Act of 2018 This bill amends the Real Estate Settlement Procedures of 1974 to modify disclosure requirements applicable to mortgage loan transactions. Specifically, the disclosed charges for any title insurance premium shall be equal to the amount charged for each individual title insurance policy, subject to any discounts as required by either state regulation or the title company rate filings.
AI Summary
This bill amends the Real Estate Settlement Procedures Act of 1974 to modify the disclosure requirements for mortgage loan transactions. Specifically, it requires the disclosed charges for any title insurance premium to be equal to the amount charged for each individual title insurance policy, subject to any discounts required by state regulation or the title company's rate filings.
Committee Categories
Housing and Urban Affairs
Sponsors (8)
Tim Scott (R)*,
Joe Donnelly (D),
Michael Enzi (R),
Joni Ernst (R),
Heidi Heitkamp (D),
Dean Heller (R),
John Hoeven (R),
Doug Jones (D),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/05/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/2490/all-info |
| BillText | https://www.congress.gov/115/bills/s2490/BILLS-115s2490is.pdf |
| Bill | https://www.congress.gov/115/bills/s2490/BILLS-115s2490is.pdf.pdf |
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