Rep. Ellison Introduces Ensure Fair Prices in Title Insurance Act

Statement

Rep. Keith Ellison (D-MN) introduced today the Ensure Fair Prices in Title Insurance Act (H.R. 1799), which would ensure homebuyers are not overcharged when purchasing title insurance.

"Working Americans shouldn't get cheated out of hard-earned dollars when they invest in a home for their family." Rep. Ellison said. "When sellers or real estate agents refer buyers to a title insurance company, homebuyers assume they're getting the best deal. But agents or sellers may have a financial stake in the title insurance company they recommend to buyers. The Ensure Fair Prices in Title Insurance Act protects working families from an opaque market with hidden commissions and reverse competition. The bill will make the housing marketplace fairer, help homebuyers save money, and strengthen our communities."

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