Title insurance professionals who have been hoping for changes to the disclosure of simultaneously issued title insurance were left disappointed when the TRID Improvement Act of 2018 was not included in the final Senate financial regulatory reform bill sponsored by Sen. Mike Crapo (R-Idaho), which was passed last month.
However, the fight to get the TRID Improvement Act to the president’s desk is not yet over.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has made public his desire to include bipartisan, non-controversial bills passed by the House within the Senate bill before the package is passed from Congress to the president’s desk for final signature.
Among the bills which Hensarling is pushing for inclusion is the TRID Improvement Act.
“Those bills that get bipartisan support [in the House], we expect to be in the final package. I don’t know any other way to put it,” Hensarling said in one recent interview...