Today, U.S. Representatives French Hill and Ruben Kihuen introduced a bipartisan bill to correct the inaccurate disclosure of title insurance premiums on the TILA-RESPA Integrated Disclosures (TRID) and help consumers understand the true cost of their real estate transaction.
Research shows 40 percent of consumers feel confused by the CFPB’s requirement to provide inaccurate pricing on title insurance. The TRID Improvement Act of 2017 will fix that!
If you are a member of TAN please look for an email from Elizabeth Blosser of ALTA's Title Action Network regarding this issue.
If you are not already a member of TAN, please click the link below to become one: