The American Land Title Association (ALTA) is leading an effort to help banks across the country correct unintended consequences of the TRID rule.
Eighteen trade groups recently wrote a letter asking senators to cosponsor, support and pass S. 2490, the TRID Improvement Act of 2018. The act would amend RESPA to allow the accurate disclosure of title insurance premiums and any potential available discounts to homebuyers.
Read on to learn what ALTA Vice President of Government and Regulatory Affairs Justin Ailes told RESPA News about the continuing effort to get the Senate version passed.
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