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"The Mortgage Choice Act" - a NAR-Backed bill with bipartisan support that makes two adjustments to the Truth in Lending Act's definition of "points and fees" - passed the U.S. House of Representatives on Tuesday, April 14.

HR 685 "The Mortgage Choice Act" will make two adjustments to the Truth in Lending Act's (TILA) definition of "points and fees" to ensure greater consumer choice in mortgage and settlement services.