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ALTA praises introduction of TRID Improvement Act
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Legislative Developments
Monday, October 9, 2017
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On Oct. 6, Rep. French Hill and Rep. Ruben Kihuen introduced the TRID Improvement Act of 2017, which modifies requirements related to mortgage disclosures and offers clarification to consumers and regulatory relief to financial institutions. Specifically it amends RESPA to allow for the calculation of a simultaneous issue discount when disclosing title insurance premiums. The American Land Title Association was quick to voice its support. Read on for more details.
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