115 HR 5078 IH: TRID Improvement Act of 2018 U.S. House of Representatives 2018-02-23 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I115th CONGRESS2d SessionH. R. 5078IN THE HOUSE OF REPRESENTATIVESFebruary 23, 2018Mr. Hill introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures, and for other purposes.

1.

Short title

This Act may be cited as the TRID Improvement Act of 2018.

2.

Amendments to mortgage disclosure requirements

Section 4(a) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2603(a)) is amended— (1)by striking itemize all charges and inserting itemize all actual charges; (2)by striking and all charges imposed upon the seller in connection with the settlement and and inserting and the seller in connection with the settlement. Such forms; and (3)by inserting after or both. the following new sentence: Charges for any title insurance premium disclosed on such forms shall be equal to the amount charged for each individual title insurance policy, subject to any discounts as required by State regulation or the title company rate filings..