The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to NAR's Member's Edge newsletter.
The CFPB has issued a Request for Information (RFI) on the TRID/Know Before You Owe (KBYO/TILA-RESPA) mortgage disclosure rule.
On October 11, 2019, NAR provided comments on the Appraisal Standards Board's (ASB) concept paper reforming the evaluation standards in USPAP.
FHA released its annual report to Congress on the financial status of the FHA Mutual Mortgage Insurance Fund.
HUD sent a letter to the Federal Trade Commission (FTC), asking them to investigate websites selling assistance animal documentation.
The Financial Crimes Enforcement Network (FinCEN), an agency within the U.S. Treasury charged with combatting money laundering and financing of terrorism, has renewed the Geographic Targeting Orders (GTOs) that impose data collection and reporting requirements on title companies involved in certain residential real estate transactions, effective November 12, 2019, through May 9, 2020.
NAR continues to be one of the most vocal supporters of the Department of Labor rulemaking that expanded access to association health plans (AHPs) for independent contractors.
BIG WIN!! NAR expressed concerns to the FHA about HUD’s policies regarding commissions and the conflict with NAR MLS policy. Changes are coming December 1.
The Association Health Plans Toolkit has been updated to include data from the 2019 Health Insurance Survey and model legislation that may serve as a template for building united state legislative efforts to codify provisions enabling independent contractors to join AHPs.
The “Terrorism Risk Insurance Program Reauthorization Act of 2019,” approved by the House Financial Services Committee, would reauthorize the Terrorism Risk Insurance Program (TRIP) for seven years.
The anti-money laundering (AML) legislation is designed to stop the formation of anonymous shell companies created under state law that are often used by bad actors to launder money or to commit other illicit financial crimes.