[Congressional Record Volume 164, Number 40 (Wednesday, March 7, 2018)]
[Senate]
[Page S1475]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2101. Mr. SCOTT (for himself, Mr. Jones, Mrs. Ernst, and Mr. 
Hoeven) submitted an amendment intended to be proposed by him to the 
bill S. 2155, to promote economic growth, provide tailored regulatory 
relief, and enhance consumer protections, and for other purposes; which 
was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. __. 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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