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U.S. House Passes ALTA-driven TRID Hold-harmless Bill

By an overwhelming bipartisan vote of 303-121, the U.S House of Representatives on Oct. 7 passed H.R. 3192. The bill would create an official hold-harmless period through Feb. 1, 2016 for companies making good-faith efforts to comply with the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures (TRID) rule. Sponsored by Reps. French Hill (R-Ark.) and Brad Sherman (D-Calif.), the Homebuyers Assistance Act also would provide...
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