The American Land Title Association (ALTA), the national trade association of the land title insurance industry, issued the following statement regarding the Senate’s current effort to pass the bipartisan 21st Century ROAD to Housing Act.
ALTA supports the bipartisan legislation as an important step toward expanding access to safe, sustainable homeownership and addressing housing affordability challenges facing families across the country.
“ALTA commends President Trump and congressional leaders for advancing bipartisan solutions that help expand housing opportunities for American families,” said ALTA CEO Chris Morton. “The 21st Century ROAD to Housing Act represents an important effort to strengthen housing supply and modernize federal housing policy while ensuring the real estate system remains reliable and secure for homebuyers and lenders.”
Title professionals play a critical role in protecting property rights and ensuring the integrity of real estate transactions. By identifying and resolving issues such as undisclosed liens, recording errors and potential fraud before a transaction closes, the title industry helps ensure homebuyers and lenders can move through the process with confidence.
“As policymakers work to address housing affordability, it’s equally important that consumers remain protected from fraud and other hidden risks that can threaten property ownership,” Morton said. “The title insurance industry will continue to work with the administration and Congress to expand homeownership opportunities while preserving the safeguards that protect American homeowners.”
ALTA appreciates the leadership of policymakers who have worked to advance bipartisan housing legislation and encourages continued collaboration on policies that improve housing affordability while protecting consumers and property rights.
About ALTA
The American Land Title Association, founded in 1907, represents an industry comprised of more than 17,000 title insurance companies operating across the nation, with over 90% being small businesses.