Political Quotes

“Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 5078) to amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures, and for other purposes, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 5078 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.''. SEC. 3. POSITIVE CREDIT REPORTING PERMITTED. (a) In General.--Section 623 of the Fair Credit Reporting Act (15 U.S.C.…”