[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2490 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 2490

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


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                   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

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                                 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.''.
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