115TH CONGRESS 

2D SESSION H. R. 5078 

AN ACT 

To amend the Real Estate Settlement Procedures Act of 

1974 to modify requirements related to mortgage disclosures, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 
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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘TRID Improvement 

3 Act of 2018’’. 

4 SEC. 2. AMENDMENTS TO MORTGAGE DISCLOSURE RE5 QUIREMENTS. 

6 Section 4(a) of the Real Estate Settlement Proce7 dures Act of 1974 (12 U.S.C. 2603(a)) is amended— 

8 (1) by striking ‘‘itemize all charges’’ and insert9 ing ‘‘itemize all actual charges’’; 

10 (2) by striking ‘‘and all charges imposed upon 

11 the seller in connection with the settlement and’’ and 

12 inserting ‘‘and the seller in connection with the set13 tlement. Such forms’’; and 

14 (3) by inserting after ‘‘or both.’’ the following 

15 new sentence: ‘‘Charges for any title insurance pre16 mium disclosed on such forms shall be equal to the 

17 amount charged for each individual title insurance 

18 policy, subject to any discounts as required by State 

19 regulation or the title company rate filings.’’. 

20 SEC. 3. POSITIVE CREDIT REPORTING PERMITTED. 

21 (a) IN GENERAL.—Section 623 of the Fair Credit 

22 Reporting Act (15 U.S.C. 1681s–2) is amended by adding 

23 at the end the following new subsection: 

24 ‘‘(f) FULL-FILE CREDIT REPORTING.— 

25 ‘‘(1) IN GENERAL.—Subject to the limitation in 

26 paragraph (2) and notwithstanding any other provi-
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1 sion of law, a person or the Secretary of Housing 

2 and Urban Development may furnish to a consumer 

3 reporting agency information relating to the per4 formance of a consumer in making payments— 

5 ‘‘(A) under a lease agreement with respect 

6 to a dwelling, including such a lease in which 

7 the Department of Housing and Urban Devel8 opment provides subsidized payments for occu9 pancy in a dwelling; or 

10 ‘‘(B) pursuant to a contract for a utility or 

11 telecommunications service. 

12 ‘‘(2) LIMITATION.—Information about a con13 sumer’s usage of any utility services provided by a 

14 utility or telecommunication firm may be furnished 

15 to a consumer reporting agency only to the extent 

16 that such information relates to payment by the con17 sumer for the services of such utility or tele18 communication service or other terms of the provi19 sion of the services to the consumer, including any 

20 deposit, discount, or conditions for interruption or 

21 termination of the services. 

22 ‘‘(3) PAYMENT PLAN.—An energy utility firm 

23 may not report payment information to a consumer 

24 reporting agency with respect to an outstanding bal25 ance of a consumer as late if— 
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1 ‘‘(A) the energy utility firm and the con2 sumer have entered into a payment plan (in3 cluding a deferred payment agreement, an ar4 rearage management program, or a debt for5 giveness program) with respect to such out6 standing balance; and 

7 ‘‘(B) the consumer is meeting the obliga8 tions of the payment plan, as determined by the 

9 energy utility firm. 

10 ‘‘(4) DEFINITIONS.—In this subsection, the fol11 lowing definitions shall apply: 

12 ‘‘(A) ENERGY UTILITY FIRM.—The term 

13 ‘energy utility firm’ means an entity that pro14 vides gas or electric utility services to the pub15 lic. 

16 ‘‘(B) UTILITY OR TELECOMMUNICATION

17 FIRM.—The term ‘utility or telecommunication 

18 firm’ means an entity that provides utility serv19 ices to the public through pipe, wire, landline, 

20 wireless, cable, or other connected facilities, or 

21 radio, electronic, or similar transmission (in22 cluding the extension of such facilities).’’. 

23 (b) LIMITATION ON LIABILITY.—Section 623(c) of 

24 the Consumer Credit Protection Act (15 U.S.C. 1681s– 

25 2(c)) is amended— 
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1 (1) in paragraph (2), by striking ‘‘or’’ at the 

2 end; 

3 (2) by redesignating paragraph (3) as para4 graph (4); and 

5 (3) by inserting after paragraph (2) the fol6 lowing new paragraph: 

7 ‘‘(3) subsection (f) of this section, including any 

8 regulations issued thereunder; or’’. 

9 (c) GAO STUDY AND REPORT.—Not later than 2 

10 years after the date of the enactment of this Act, the 

11 Comptroller General of the United States shall submit to 

12 Congress a report on the impact of furnishing information 

13 pursuant to subsection (f) of section 623 of the Fair Cred14 it Reporting Act (15 U.S.C. 1681s–2) (as added by this 

15 Act) on consumers. 

Passed the House of Representatives February 27, 

2018. 

Attest: 

Clerk. 
115TH CONGRESS 

2D SESSION H. R. 5078 

AN ACT 

To amend the Real Estate Settlement Procedures 

mortgage disclosures, and for other purposes. Act of 1974 to modify requirements related to