Hill lauded for work on TRID fix passage

Washington, February 16, 2018

http://https//www.respanews.com/RN/ArticlesRN/Hill-lauded-for-work-on-TRID-fix-passage-72385.aspx

The Consumer Financial Protection Bureau (CFPB) may be re-examining many of its cases, policies and procedures under acting director Mick Mulvaney. But Congress is looking to ensure that title insurance disclosures are clarified now, with or without the bureau’s action.

The TRID Improvement Act of 2017 passed the full House of Representatives on Wednesday. The act itself will provide for the allowance of disclosure of simultaneously issued title insurance rates – which the CFPB’s TRID forms currently do not allow.

Industry advocates and House members showered praise on the bill and its primary sponsor, Rep. French Hill (R-Ark.). Read on for details of the bill, reaction, and Hill’s full remarks from the House floor.

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