April 18, 2018


In This Issue:

  • TLTA Sends Letters Urging Congressional Fix for TRID "Simultaneous Issue" Problem
  • Primary Runoff Election Starts in Less Than a Month
  • CFPB News: Acting Director Mulvaney Testifies Before Congress
  • TREC: To the Consumers and License Holders of Texas

TLTA Sends Letters Urging Congressional Fix for TRID "Simultaneous Issue" Problem

James Hyland, Esq., TLTA Federal Legislative Counsel | April 17, 2018
 Congress is currently considering S. 2155, a bill to provide regulatory relief for community banks. The title industry continues to push for legislation addressing TRID that would allow for the correct reporting of the cost of owners' and lenders’ title policies when issued simultaneously. This has been a long-running issue with how the CFPB rules require that simultaneous policies be priced on TRID forms. 

This week, TLTA President Chris Phillips and TLTA Executive Vice President and CEO Leslie Midgley wrote to Chairman Hensarling, encouraging the House to add the TRID Reform bill to the Senate regulatory relief legislation. They also wrote to Sens. Cornyn and Cruz supporting that position. In the alternative, they have also asked the senators to consider passing H.R. 5078, the TRID Reform Act, as a free-standing bill, considering it passed by voice vote in the House, indicating broad bi-partisan support.
 
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Letter to Rep. Hensarling »
Letter to Sen. Cornyn »
Letter to Sen. Cruz »

Primary Runoff Election Starts in Less Than a Month 

TLTA | April 9, 2018
 Early voting for Texas’ primary runoff election begins in less than a month. On the ballot are statewide, congressional, legislative and State Board of Education candidates. 

If you voted in a party primary, you're eligible to vote in the runoff election for that primary. If you did not vote in a party primary, you are eligible to vote in either party’s runoff election (as long as you’re registered to vote).

EARLY VOTING: May 14-18

RUNOFF ELECTION: May 22

Voting Info From Texas Secretary of State »

Candidate Info From The League of Women Voters »

CFPB News: Acting Director Mulvaney Testifies Before Congress

TLTA | April 17, 2018
 Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau, testified before Congress last week. During hearings held by the House Financial Services Committee and the Senate Banking Committee, Mulvaney defended his record as head of the agency, and continued to advocate for legislative reform of the CFPB, as outlined in the bureau's semi-annual report.

CBS NEWS: Elizabeth Warren, Mick Mulvaney spar in Senate testimony over CFPB »
The Hill: Mulvaney in Senate testimony: I'm required to be here, but not to answer your questions »

TREC: To the Consumers and License Holders of Texas

Texas Real Estate Commission | April 16, 2018
 Statement from TREC's Executive Director, Douglas Oldmixon:
 
The Texas Real Estate Commission takes pride in providing high quality education and licensing services, and effective consumer protection across Texas. In recent months, there have been significant issues with the quality of customer service we are providing to consumers and to our license holders. I take personal responsibility for addressing these issues. I want you to know that I – along with the entire Texas Real Estate Commission staff – recognize your frustrations, and we are committed to solving these issues. We know that the quality of services being provided to the people of Texas is not acceptable and we are working diligently to fix it.
 
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