[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5078 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 5078

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


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 23, 2018

   Mr. Hill introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 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 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 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.''.
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