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House Bill 3978
115th Congress(2017-2018)
TRID Improvement Act of 2017
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Passed House on Feb 14, 2018
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H. R. 3978 (Reported-in-House)

Union Calendar No. 389

115th CONGRESS
2d Session
H. R. 3978

[Report No. 115–524]


To amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

October 5, 2017

Mr. Hill (for himself and Mr. Kihuen) introduced the following bill; which was referred to the Committee on Financial Services

January 25, 2018

Additional sponsors: Mr. Luetkemeyer, Mr. Royce of California, Mr. Barr, Mr. Stivers, Mr. Emmer, Mr. Ross, Mr. Hollingsworth, Mr. Sherman, Mr. Gonzalez of Texas, Mr. Williams, Ms. Tenney, Mr. Messer, Mr. Zeldin, Ms. Sinema, Mr. Norman, Mr. Pearce, and Mr. Gottheimer

January 25, 2018

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

A BILL

To amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “TRID Improvement Act of 2017”.

SEC. 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.”.

Union Calendar No. 389

115th CONGRESS
     2d Session
H. R. 3978
[Report No. 115–524]
A BILL
To amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures, and for other purposes.
January 25, 2018
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed