Public Affairs Update

Public Affairs Update…………………………………………………………….June 12, 2019

  • Flood Insurance Update
  • NAR Federal Advocacy Update
  • In Case You Missed It

 

Flood Insurance Update

On June 6, 2019, the National Flood Insurance Program was extended to September 30, 2019. [Source: NAR Update 06-10-2019]

 

NAR Federal Advocacy Update

As of May 16, 2019, the Department of Veteran's Affairs will require that the ordering of an appraisal related to the VA Home Loan program must have the Certificate of Eligibility (COE) be in  "Active or Pending" status.

 

The Financial Crimes Enforcement Network (FinCEN) has renewed the Geographic Targeting Orders (GTOs) that impose data collection and reporting requirements on title companies involved in certain residential real estate transactions, effective May 16, 2019, through November 11, 2019.

 

The House Financial Services Committee held a full committee markup and considered legislation aimed at combating money laundering and strengthening laws to better help law enforcement get to individuals who are engaging in illicit financial crimes.

 

NAR sent a letter to the Senate Commerce Committee expressing its support for S. 1294, the Broadband Interagency Coordination Act.

 

The Federal Housing Administration (FHA) released proposed revisions to the FHA loan-level and annual lender certifications and Defect Taxonomy.

 

NAR, along with representatives from four local REALTOR® Associations, met with White House and Department of Labor officials Wednesday afternoon to discuss industry’s strong support for the Association Health Plan (AHP) rule.

 

NAR sent a letter to U.S. Department of Justice supporting an appeal of the ruling issued by the U.S. District Court for the District of Columbia that struck down parts of the Department of Labor’s final rule on Association Health Plans (AHP).

 

The Department of Justice has officially filed an appeal to a Federal Court decision that struck down parts of the Association Health Plan rule finalized by the Department of Labor (DOL) last summer. [Source: NAR Update 06-03-2019/

 

In Case You Missed It