S. 2490 – TRID Improvement Act of 2018

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Updated April 15, 2026 at 8:31 PM UTC

The TRID Improvement Act of 2018 updates the Real Estate Settlement Procedures Act to make mortgage cost disclosures clearer for borrowers. It requires lenders to list the exact charges they will impose, clarifies how seller‑related settlement charges are described, and adds a rule that title‑insurance premiums must be shown as the specific amount for each policy, with any discounts allowed by state law or rate filings.

Key Provisions

Changes the disclosure language to require lenders to "itemize all actual charges" instead of just "all charges."
Rewords the seller‑related settlement charge language to read "and the seller in connection with the settlement. Such forms" for clearer reference.
Adds a new requirement that any title‑insurance premium disclosed must reflect the amount charged for each individual policy, subject only to discounts permitted by state regulations or the title company’s rate filings.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

March 5, 2018

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SenateIntro Referral

Introduced in Senate

March 5, 2018

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs Committee

March 5, 2018

Bill Text

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Introduced in SenateIssued March 5, 2018

II

115th CONGRESS

2d Session

S. 2490

IN THE SENATE OF THE UNITED STATES

March 5, 2018

Mr. Scott (for himself and Mr. Jones) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures.

1.

Short title

This Act may be cited as the TRID Improvement Act of 2018.

2.

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..