The congressional member who led the way for the House to pass a TRID hold-harmless bill in 2015 has introduced a new TRID bill looking to correct the disclosure of simultaneous title insurance.
The TRID Improvement Act of 2017, which was discussed during a meeting of the House Financial Institutions and Consumer Credit Subcommittee in September, modifies requirements related to mortgage disclosures and offers clarification to consumers and regulatory relief to financial institutions.
Read on for more about the bill and reaction from co-sponsor Rep. French Hill (R-Ark.).
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