ALTA Urges Passage of HR 3192

The American Land Title Association (ALTA), the national trade association of the land title insurance and real estate settlement services industries, led 20 other industry organizations in a letter urging the U.S. House of Representatives to include the Homebuyers Assistance Act (H.R. 3192) in the year-end spending bill.

The Homebuyers Assistance Act provides an official hold-harmless period until February 1, 2016, for those who make a good-faith effort to comply with the Consumer Financial Protection Bureau’s (CFPB) new TILA-RESPA Integrated Disclosure (TRID) rule.

(continued on the Source of Title website.)

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