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News & Press: Industry News

ALTA Consumer Survey Shows 40% Confused by Title Fee Calculation on Closing Disclosure

Tuesday, October 18, 2016  
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Over 40 percent of American homebuyers feel taken advantage of or are confused by the calculation of title insurance fees on the Consumer Financial Protection Bureau's (CFPB) new mortgage disclosures, according to a new study by the American Land Title Association (ALTA).

The ALTA remains concerned about the Closing Disclosure and has urged the CFPB to amend its rules to accurately disclose the cost of protecting a consumer's property rights with title insurance.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851