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Tag Archives: Bill Huizenga

‘Mortgage Choice Act of 2013’ Passes House Vote

Introduced last year by a bipartisan group of representatives led by Rep. Bill Huizenga (R-Michigan), H.R. 3211 (the "Mortgage Choice Act of 2013") would amend the Truth in Lending Act (TILA) to exempt fees from affiliated title companies from counting toward the 3 percent point and fee threshold established in the Qualified Mortgage (QM) rule implemented earlier this year. It would also clarify the treatment of insurance and taxes held in escrow.

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