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Home / News Stories / Referral Fee Was Illegal 'Kickback' (access required)

Referral Fee Was Illegal 'Kickback' (access required)

A home buyer cannot be forced to pay a "referral fee" to a mortgage broker who sent the buyer to a lender, an Alexandria federal judge has ruled in a class action suit. The referral fee is an "illegal kickback" prohibited by the Real Estate Settlement Procedures Act of 1974, the court said. The fee was ...

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