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Senate Bill 2490
115th Congress(2017-2018)
TRID Improvement Act of 2018
Introduced
Introduced
Introduced in Senate on Mar 5, 2018
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Text
Introduced in Senate 
Mar 5, 2018
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Introduced in Senate(Mar 5, 2018)
Mar 5, 2018
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 2490 (Introduced-in-Senate)


115th CONGRESS
2d Session
S. 2490


To amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures.

IN THE SENATE OF THE UNITED STATES

March 5, 2018

Mr. Scott (for himself and Mr. Jones) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures.

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 2018”.

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: “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.”.