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Home » Store » News » ‘Required Use’ Creates Liability for Lenders

‘Required Use’ Creates Liability for Lenders

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The new definition of “required use” under final Real Estate Settlement Procedures Act regulations could subject loan originators and unaffiliated settlement service providers to liability under RESPA’s anti-kickback provision if the price for that service is discounted, mortgage lenders warned. In separate letters commenting on the Obama administration’s proposal to withdraw the...
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