The House on Wednesday approved a bill that makes changes to the TILA-RESPA Integrated Disclosure (TRID) rule that mortgage loan originators and title insurers have been advocating.
If approved by the Senate, the bill would amend the TRID rule to modify disclosure requirements applicable to mortgage loan transactions.
Read on to learn what ALTA and the MBA are saying about the bill’s changes to the disclosure of simultaneous issue of title insurance.