US Congress House Bill 5078 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on February 28 2018 - 50% progression, died in committee
Action: 2018-02-28 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

TRID Improvement Act of 2018 (Sec. 2) This bill amends the Real Estate Settlement Procedures of 1974 to modify disclosure requirements applicable to mortgage loan transactions. Specifically, the disclosed charges for any title insurance premium shall be equal to the amount charged for each individual title insurance policy, subject to any discounts as required by either state regulation or the title company rate filings. (Sec. 3) The bill amends the Fair Credit Reporting Act to allow the reporting of certain positive consumer-credit information to consumer reporting agencies. Specifically, a person or the Department of Housing and Urban Development may report information related to a consumer's performance in making payments either under a lease agreement for a dwelling or pursuant to a contract for a utility or telecommunications service. However, information about a consumer's usage of any utility or telecommunications service may be reported only to the extent that the information relates to payment by the consumer for such service or other terms of the provision of that service. Furthermore, an energy-utility firm may not report a consumer's outstanding balance as late if the firm and the consumer have entered into a payment plan and the consumer is meeting the obligations of that plan. Specified provisions of the Consumer Credit Protection Act that establish civil liability with respect to furnishers of information to consumer reporting agencies shall not apply to any violation of the bill. The Government Accountability Office must report on the consumer impact of such reporting.

TRID Improvement Act of 2018

Rep. French Hill [R-AR]

Date	Chamber	Action
2018-02-28	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2018-02-27	House	Motion to reconsider laid on the table Agreed to without objection.
2018-02-27	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1306)
2018-02-27	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 5078.
2018-02-27	House	Considered under suspension of the rules. (consideration: CR H1306-1308)
2018-02-27	House	Mr. Hill moved to suspend the rules and pass the bill, as amended.
2018-02-23	House	Referred to the House Committee on Financial Services.
2018-02-23	House	Introduced in House

HB435 (Related) 2018-06-26 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB3978 (Related) 2018-02-15 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB2490 (Related) 2018-03-05 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB3040 (Related) 2018-07-12 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
HB6147 (Related) 2018-09-07 - Message on Senate action sent to the House.
SB488 (Related) 2018-07-18 - Message on House action received in Senate and at desk: House amendments to Senate bill.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/5078/all-info
Text	https://www.congress.gov/115/bills/hr5078/BILLS-115hr5078ih.pdf
Text	https://www.congress.gov/115/bills/hr5078/BILLS-115hr5078eh.pdf