NAILTA Asks Kentucky Legislature to Protect Small Business Owners in Proposed E-Notary Legislation

We provided the enclosed letter on behalf of our Kentucky membership and concerned independent real estate settlement service professionals throughout the state to address new legislation working its way through the Kentucky General Assembly that will impact real estate closings and title insurance providers. NAILTA remains committed to protecting small business owners in our industry…

House Passes Mortgage Choice Act (Again); Proponents Cite “One-Stop Shopping” Myth as Reason

The House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017, a regulatory bill that was created in an effort to provide relief to mortgage lenders by excluding certain charges from the points and fees calculation. In support of his bill, Rep. Bill Huizenga (R-Michigan), argues it would preserve consumer choice and potentially…

House Passes TRID Improvement Act; Aims to Improve Disclosure of Title Insurance Premiums to Consumers

The House of Representatives voted 271 to 145 to approve the TRID (TILA-RESPA Integrated Disclosure) Improvement Act of 2017 (H.R. 3978), which would amend the Real Estate Settlement Procedures Act to require the Consumer Financial Protection Bureau (CFPB) to allow the accurate disclosure of title insurance premiums and any potential available discounts to home buyers…

NAILTA Releases White Paper Re: 2018 E-Notarization and Webcam Notary Legislation

With statehouses around the United States introducing new legislation designed to overhaul decades-old law concerning Notaries, NAILTA has delivered a position paper to help members and the general public understand the new changes.  Important policy questions are answered in the NAILTA research: What is e-notarization? What is webcam notarization? Which states have adopted it? Which…

NAILTA Supports: The 21st Century Glass-Steagall Act: H.R. 3711 and S. 1282:

Congress has introduced two pieces of bipartisan legislation known as the 21st Century Glass-Steagall Act – H.R. 3711 (co-sponsored by Rep. John Tierney (D-MA) and Walter Jones (R-NC)) and S. 1282 (co-sponsored by Sen. Elizabeth Warren (D-MA) and John McCain (R-AZ)) in an effort to reduce risks to the financial system by limiting banks’ ability to engage in certain risky activities and limiting conflicts of interest as well as reinstating certain Glass-Steagall Act protections that were previously repealed in 1999 by the Gramm-Leach-Bliley Act (GLB).

Both bills would act to prohibit banks from becoming an affiliate of an insurance company, including a title insurance company.