S.Amdt. 2101

SA 2101. Mr. SCOTT (for himself, Mr. Jones, Mrs. Ernst, and Mr.
Hoeven) submitted an amendment intended to be proposed by him to the
bill S. 2155, to promote economic growth, provide tailored regulatory
relief, and enhance consumer protections, and for other purposes; which
was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. 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.''.
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