[Congressional Record Volume 164, Number 125 (Wednesday, July 25, 2018)]
[Senate]
[Page S5387]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 3594. Mr. SCOTT (for himself and Mr. Jones) submitted an amendment
intended to be proposed by him to the bill H.R. 6147, making
appropriations for the Department of the Interior, environment, and
related agencies for the fiscal year ending September 30, 2019, and for
other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
Sec. __. 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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