Dear NAMB Members,

Please call your Representatives today and urge them to cosponsor H.R. 3044. The bill was introduced by Representatives Childers (D-MS) and Miller (R-CA) and it calls for an 18 month moratorium on the Home Valuation Code of Conduct (HVCC). Click here for a copy of NAMB’s press release on H.R. 3044.  

Last week ALTA held meetings with the Treasury Department and with key House Financial Services Committee staff to explore administration and congressional openness to modifying the President's legislation to create a new Consumer Financial Protection Agency (CFPA) as it affects the title insurance industry. As previously discussed, our concern is that powers proposed to be given to the new agency are so broad as to effectively nationalize the regulation of title insurance. Our proposal is to limit federal oversight of the industry to existing authority as spelled out under RESPA and TILA. The door was not slammed in our face, so we are working on language.