Happy October! We wanted to take some time to update you on the GUIDE Compliance Act, a federal bill supported by Placer Title Company and the American Land Title Association. We wrote about it a couple of months ago, but the legislation is now a few steps closer to being passed into law.
In June, Steve Day, the president of the American Land Title Association (ALTA), testified in a hearing before the House Committee on Financial Services Subcommittee on Financial Institutions. It was the kind of Congressional hearing that probably didn’t get air time on C-SPAN, but it was pretty important to the land title insurance industry. That’s because Day was there to advocate for the passage of the “Give Useful Information to Define Effective (GUIDE) Compliance Act.”