Real Estate Settlement Procedures Act: Hearings Before the Subcommittee on Housing and Community Development of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, One Hundred First Congress, Second Session, August 8, September 18, 1990, Volume 4 |
From inside the book
Results 1-5 of 64
Page 29
... exemption . Professional mortgage brokers should be able to be paid a fee for their services based upon the size of ... exemption and we would like to help structure this exemption . Please understand that we are not requesting any ...
... exemption . Professional mortgage brokers should be able to be paid a fee for their services based upon the size of ... exemption and we would like to help structure this exemption . Please understand that we are not requesting any ...
Page 30
... exemption , we have not heard a single argument against this issue . It was not addressed in RESPA because at that time the industry was in its infancy at best . Today , we are a major player in the mortgage financing arena , and we ...
... exemption , we have not heard a single argument against this issue . It was not addressed in RESPA because at that time the industry was in its infancy at best . Today , we are a major player in the mortgage financing arena , and we ...
Page 80
... exempt controlled business ar- rangements from the anti - kickback provisions of RESPA , if certain disclosure requirements are met . RESPA , for example , permits fees under a controlled business ar- rangement if the referred party is ...
... exempt controlled business ar- rangements from the anti - kickback provisions of RESPA , if certain disclosure requirements are met . RESPA , for example , permits fees under a controlled business ar- rangement if the referred party is ...
Page 91
... exemption protection , which has been under constant assault . In fact , attempts in the criminal - so - called get the crooks in jail bill , would in effect override , and if they have their way — and I am going to do everything I know ...
... exemption protection , which has been under constant assault . In fact , attempts in the criminal - so - called get the crooks in jail bill , would in effect override , and if they have their way — and I am going to do everything I know ...
Page 145
... exemptions to the application of Section 8. This analysis by the staff of the Federal Trade Commission suggests that these , and other exemptions , may provide significant benefits to consumers . " HUD is proposing to exempt from ...
... exemptions to the application of Section 8. This analysis by the staff of the Federal Trade Commission suggests that these , and other exemptions , may provide significant benefits to consumers . " HUD is proposing to exempt from ...
Other editions - View all
Common terms and phrases
additional affiliated Association of Realtors banking benefits borrower pay brokerage business incident buyer Chairman GONZALEZ charge Citibank CLO system Coldwell Banker commenters compensation competition computerized loan origination conflict of interest Congress consumer controlled business arrangement Development disclosure dual agency escrow Estate Settlement Procedures faith estimate Federally related mortgage fiduciary financing franchisees homebuyers HUD-1 settlement statement HUD's industry interest rates involved issue kickbacks lender loan application loan origination systems loan products Mortgage Bankers Association mortgage lenders mortgage origination Mortgage Power MortgagePower offer opinion letters percent person potential programs prohibited proposed rule protection purchase real estate agents real estate broker/agent real estate brokers Real Estate Settlement receive referral fees regulatory related mortgage loan relationship Section seller service providers settlement costs Settlement Procedures Act settlement service steering Subcommittee on Housing sumer thing of value title insurance violation
Popular passages
Page 346 - System, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 353 - Any action under this section may be brought in any United States district court, or in any other court of competent jurisdiction, within one year from the date of the occurrence of the violation.
Page 353 - ... in the prescribing of rules and regulations thereunder, or in securing information to serve as a basis for recommending further legislation concerning the matters to which this title relates.
Page 395 - No person shall give and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person.
Page 346 - No provision of this title imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule, regulation, or interpretation thereof by the...
Page 351 - The franchisor exerts or has authority to exert a significant degree of control over the franchisee's method of operation, including but not limited to, the franchisee's business organization, promotional activities, management, marketing plan or business affairs; or (2) The franchisor gives significant assistance to the franchisee in the latter's method of operation, including, but not limited to, the franchisee's business organization, management, marketing plan, promotional activities...
Page 340 - Affairs, the Federal Home Loan Bank Board, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Secretary of Agriculture.
Page 351 - fractional franchise" means any relationship, as denoted by paragraph (a) of this section, in which the person described therein as a franchisee, or any of the current directors or executive officers thereof, has been in the type of business represented by the franchise relationship for more than 2 years and the parties anticipated, or should have anticipated, at the time the agreement establishing the franchise relationship was reached, that the sales arising from the relationship would represent...
Page 148 - USC § 41 et sea., the Commission is charged with preventing unfair methods of competition and unfair or deceptive acts or practices. The staff of the Federal Trade Commission, upon request by federal, state, and local governmental bodies, regularly analyzes regulatory proposals to identify provisions that may impede competition or increase costs without providing countervailing benefits to consumers. For several years, the Commission staff has examined the competitive effects of various restrictions...
Page 370 - In accepting employment as an agent, the Realtor pledges himself to protect and promote the interests of the client This obligation of absolute fidelity to the client's interest is primary, but it does not relieve the Realtor from the obligation of dealing fairly with all parties to the transaction.