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 ...

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Scroll To Top