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Old 10-01-2007, 07:46 PM
SossMan SossMan is offline
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Join Date: Apr 2003
Location: Motorboatin\' Sonofabitch
Posts: 7,827
Default Re: Builders, affiliated lenders, and RESPA

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Is it legal for a builder to offer a closing cost incentive to only their affiliated lenders under RESPA?

I figured we had enough real estate professionals to know the answer to this one.

eastbay

[/ QUOTE ]

It is legal for now. Various lobbying groups are pushing to do away with it, though.

http://realtytimes.com/rtcpages/2006...incentives.htm
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