TLTA Sends Letter of Support for Hensarling CHOICE Act
By TLTA Staff
May 1, 2017
On Monday, May 1, the Texas Land Title Association sent a letter
to Financial Services Committee Chairman Jeb Hensarling (R-TX) expressing our support of the Financial CHOICE Act.
"We applaud your efforts to repeal and replace parts of Dodd-Frank that are holding back economic growth, particularly housing and business lending by community financial institutions," the letter stated. "We support provisions to make it easier for community financial institutions to make mortgage loans, such as the provision that would create a legal safe harbor from ability-to-repay requirements for mortgage loans that are kept on a depository institution's balance sheet."
The letter also expressed support for "changes to the regulatory structure of the CFPB that we think will make the agency more accountable to the public."
Read the Letter »