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…

What is H.R. 4383? What Does it Do For You?

The title insurance industry is finally mobilizing itself to take positions on bills currently pending in Washington, DC.  With all the chatter recently making its way through the wires, we thought it was important to let you know how independent real estate settlement service providers and those who follow policy with NAILTA viewed the recent movements.

What is Going On?

The House Financial Services Committee (HFSC) recently convened a hearing concerning eleven (11) separate legislative bills that are each directed at the Dodd-Frank Act, and specifically the Consumer Financial Protection Bureau (CFPB).  This is not the first effort for the HFSC on Dodd-Frank.  Since 2011, there have been over fifty (50) such bills designed to alter, restrict or outright repeal Dodd-Frank and the CFPB.

HR 3211 – The bull-rush is on

Last week, the House Financial Services Committee (HFSC), in a surprise move, convened a full committee hearing on 15 pending bills including HR 3211 and “voice-voted” HR 3211 onto the House floor for further consideration.

The Chairman of the HFSC, Rep. Jeb Hensarling (R-TX), ordered the voice vote on HR 3211 instead of a roll call vote, or the typical voting pattern for committee legislation because he suspected that several Republican members on the committee would vote “no” and thereby jeopardize the chances HR 3211 can move successfully in the House and the Senate.  The voice-vote was called with barely twenty members present.  It was a procedural passage of the bill.