ALTA Comments on Proposed TILA Changes to Include Title Fees in Finance Charge

January 7, 2010

A proposal to amend a portion of the Truth in Lending Act to include title fees in the finance charge for residential mortgage transactions could result in severe consequences to the title insurance industry, including the pressure to lower fees, deregulation of rates and the possibility of lenders wading deeper into the title insurance business.

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Contact ALTA at 202-296-3671 or communications@alta.org.

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