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Home » Store » News » Industry Groups Warn that ‘Required Use’ Could Taint Negotiated Discounts Offered by Unaffiliated Providers

Industry Groups Warn that ‘Required Use’ Could Taint Negotiated Discounts Offered by Unaffiliated Providers

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The broad definition of “required use” in the revised Real Estate Settlement Procedures Act regulation adopted by the Bush administration late last year could create liability for loan originators and unaffiliated service providers that offer incentives and negotiated discounts, lenders warned. In letters commenting on the Department of Housing and Urban Development’s proposed...
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