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House Begins Flood Insurance Markup

Published Saturday, June 17, 2017
On June 15, 2017, the House Financial Services Committee began consideration of a series of bills to reform and reauthorize the National Flood Insurance Program (NFIP). The Committee is expected to vote on these bills and then combine them into one package for consideration by the full House. On the first day of the mark up, the Committee approved two of more»

NAR Weighs-In on NFIP Bills

Published Saturday, June 17, 2017
On Thursday, June 15, the House Financial Services Committee began marking up seven bills reauthorizing the National Flood Insurance Program (NFIP). These bills would reauthorize the NFIP for five years, as well as make changes to the program and how it's administered, some which will affect the way that commercial properties purchase and utilize the more»

HUD Regulatory Review

Published Saturday, June 17, 2017
On June 14, 2017, NAR submitted a letter in response to the Department of Housing and Urban Development’s (HUD) request for comment regarding HUD's effort to evaluate and identify regulations that merit repeal, replacement or modification in accordance with the directives under Executive Order 13777, “Reducing Regulation and Controlling more»

NAR Hosts eClosing Summit

Published Saturday, June 17, 2017
NAR 2017 President-Elect Elizabeth Mendenhall hosted a roundtable with government regulators and industry leaders focused on the advancement of electronic closing (eClosing) processes. Participants deliberated ways to promote eClosings, which have proven to be more efficient, intelligible, and secure than traditional closings with paper disclosures. In more»

NAR Comments on VA Loan Fees

Published Saturday, June 17, 2017
On June 12, 2017, NAR sent a letter in response to the Department of Veterans Affairs (VA) advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans. In recent years, REALTORS® have noted that restrictions on the charges and fees VA Loan borrowers can pay in a home purchase more»

NAR Comments on USDA Reorganization

Published Saturday, June 17, 2017
On June 9, 2017, NAR President submitted a letter in response to the U.S. Department of Agriculture's (USDA) proposed re-organization of the USDA governing structure, in which the Under Secretary of Rural Development would be removed and the USDA Rural Development programs would report directly to the Secretary of Agriculture. NAR urges USDA to more»

House Holds Flood Insurance Hearing

Published Saturday, June 10, 2017
On June 7, 2017, the House Financial Services Committee held a hearing entitled “Flood Insurance Reform: A Taxpayer’s Perspective.” NAR submitted detailed comments on six reform bills released by the Committee on May 25. A markup of a series of bills is scheduled next Wednesday (June 14). NAR will keep members posted. Read NAR's letter more»

Labor Department Withdraws Workplace Guidance

Published Saturday, June 10, 2017
On June 7, 2017, U.S. Department of Labor Secretary Alexander Acosta withdrew the 2015 informal guidance on independent contractor misclassification offering a victory to independent contractors across the county. The Administrator’s Interpretation 2015-1 expanded the “economic realities” test used to define the term “employee” more»
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Sterling Bank & Trust Estate & Business Organizers
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