Volume 23 - Number 2
January 23, 2012
Industry Presents its Quicken Case to SCOTUS
The Supreme Court of the United States plans to hear oral arguments late next month in Freeman v. Quicken Loans, a case that could have wide-ranging implications for lenders subject to the Real Estate Settlement Procedures Act. The issue before the high court is whether RESPA Section 8(b) 12 USC 2607(b) prohibits a real estate settlement services provider from charging an unearned fee only if the fee is split between two or more parties. The language of that provision of the statute states that no person “shall give and no person shall accept any portion, split or ...
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