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Home » Store » Taxable » 7th Circuit Reiterates Echevarria View in Krzalic, Slams HUD’s Interpretation of Unearned Fees

7th Circuit Reiterates Echevarria View in Krzalic, Slams HUD’s Interpretation of Unearned Fees

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Repricing incidental real estate settlement charges, such as recording fees, is no more fraudulent than lawyers marking up expenses in their bills to clients, according to the U.S. Court of Appeals for the 7th Circuit. As long as no illegal fee-splitting or kickback to a third party results from a markup of real estate closing services, there is no violation of the
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