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Home » SCOTUS Rejects Feds’ View in RESPA Case
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SCOTUS Rejects Feds’ View in RESPA Case

May 29, 2012
The Supreme Court of the United States last week sided with Quicken Loans while unanimously rejecting the legal arguments of two federal agencies in affirming a lower court’s determination that a plaintiff must prove a settlement fee was split by two or more persons in order to successfully stake a claim under the Real Estate Settlement Procedures Act. The relevant portion of RESPA at issue in Freeman et al. v. Quicken Loans Inc. is the provision that “[n]o person shall give and no person shall accept any portion, split, or percentage of any charge made or received for the rendering of a...
News Inside Mortgage Finance Inside the CFPB Servicing Enforcement Regulation RESPA
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