II 115th CONGRESS 2d Session S. 2490 IN THE SENATE OF THE UNITED STATES March 5, 2018 Mr. Scott (for himself and Mr. Jones ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures.

1. Short title This Act may be cited as the TRID Improvement Act of 2018 . 2. Amendments to mortgage disclosure requirements Section 4(a) of the Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2603(a) ) is amended— (1) by striking itemize all charges and inserting itemize all actual charges ; (2) by striking and all charges imposed upon the seller in connection with the settlement and and inserting and the seller in connection with the settlement. Such forms ; and (3) by inserting after or both. the following: Charges for any title insurance premium disclosed on such forms shall be equal to the amount charged for each individual title insurance policy, subject to any discounts as required by State regulation or the title company rate filings. .