RESPRO has teamed up with the American Land Title Association (ALTA) and other agencies to send a message to new Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger.
The associations want Kraninger to use existing regulatory authority to update the TRID rule to allow the accurate disclosure of title insurance premiums and any potential available discounts to homeowners.
Read on for details from the joint letter, which calls for allowing title companies to disclose available discounts and accurate premiums.
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