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 Names Rob Holman as President and Seats a New Board; Changes for Organization are on the Horizon for 2017-2018

    The National Association of Independent Land Title Agents (NAILTA) is pleased to announce that Rob Holman will become its fifth organizational President on January 1, 2017. Holman, a 17-year title insurance industry veteran, is currently the President and General Counsel for General Title Insurance Company in Cleveland, Ohio, a regional title insurance underwriter…

CFPB and State of Maryland Take Action Against “Pay-to-Play” Mortgage Kickback Scheme

FOR IMMEDIATE RELEASE: April 29, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU AND STATE OF MARYLAND TAKE ACTION AGAINST “PAY-TO-PLAY” MORTGAGE KICKBACK SCHEME Loan Officers and Former Title Company Executives Who Traded Cash and Marketing Services for Illegal Referrals Will Be Banned, Pay Redress and Penalties   WASHINGTON, D.C. — Today…

NAILTA joins PRODA and files Amicus brief in current litigation against MERS

    National Association of Independent Land Title (NAILTA) has joined with the Pennsylvania Recorder of Deeds Association (PRODA) to file an Amicus brief on behalf of NAILTA and in support of the Montgomery County Recorder’s Office in their current litigation against MERS. Nancy Becker, Montgomery County Recorder and supporter of NAILTA, requested we file an…