CFPB charges Stonebridge Title Services for RESPA violation

So, the resuscitation of enforcement actions under Section 8 of the Real Estate Settlement Procedures Act (RESPA) for unearned kickbacks and fees should not be of any surprise. MCM Weekly NewsLINEs last visited RESPA Section 8 violations in our March 9, 2015, issue.

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CFPB Enforcement Targets RESPA Violations, AfBAs. violate (the Real Estate settlement procedures act)," the law firm said in a statement. "This case concerns. New Jersey-based Stonebridge Title Services Inc. to pay $30,000 for paying illegal kickbacks for

What Is RESPA WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau ordered a New Jersey company, Stonebridge Title Services Inc., to pay $30,000 for paying illegal kickbacks for referrals. "Kickbacks drive up the costs of getting a mortgage and put law-abiding companies at a disadvantage," said CFPB Director Richard Cordray.

CFPB charges Stonebridge Title Services for RESPA violationThe Consumer Financial Protection Bureau ordered New Jersey-based Stonebridge Title Services to pay $30,000 for paying illegal kickbacks for referrals.The CFPB charged that the company paid commissions to more than 20 independent salespeople who referred title insurance business to Stonebridge.

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RESPA Sec. 8 Enforcement: CFPB Scrutiny of Settlement Fees, AfBAs and Marketing Service Agreements Best Practices for Mortgage Lenders, Insurers, Title Companies and Law Firms to Minimize Exposure. Stonebridge Title Services Referral Fees/Fee Splits/Employee Payments 1. Allegation.

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