A federal judge recently denied a lender’s motion to dismiss a class action lawsuit alleging a kickback scheme between a bank and a title company resulted in borrowers paying inflated settlement fees.
The plaintiffs claimed the lender made illegal referrals to a title company for title and settlement services, and the title company laundered payments to the bank through third-party marketing companies.
The borrowers argued the alleged kickbacks violated RESPA. Read on for details.
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