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Resolving the Split on Split Fees Under RESPA: Freeman v. Quicken Loans Holds That Fee-Splitting Is Prohibited Only if the Fee Actually Is Split

05/31/2012

On May 24, 2012, the Supreme Court of the United States issued a decision in Freeman v. Quicken Loans, Inc., resolving the question of whether Section 8(b) of the Real Estate Settlement Procedures Act prohibits a settlement-service provider from charging a borrower an "unearned" fee. This Alert will discuss the recent decision.

Click here to read the full Alert.