Entries in illegal referral fees (1)
Title industry shakedown in Minnesota
The St. Cloud Times reported today that six Minnesota title companies were shut down by state authorities.
From the article:
The [commerce] department said in a news release on Tuesday that Premier Title Insurance Agency created and controlled “sham” affiliated businesses and paid kickbacks or other valuable items to partners for referrals of real estate closings and title insurance businesses. Fake businesses were set up with real estate agents, mortgage originators and developers to get around state and federal laws. The laws prohibit compensation for a referral for real estate settlement.
Posted on Wednesday, February 20, 2008 at 10:58AM
by
Ed Rybczynski
in title insurance, title industry, title insurance industry, affiliated business, illegal kickbacks, illegal kickbacks by title industry, illegal referral fees, illegal referral fees paid by title industry, affiliated business arrangements
|
3 Comments
| 
Email
| 
Print
Ed Rybczynski
in title insurance, title industry, title insurance industry, affiliated business, illegal kickbacks, illegal kickbacks by title industry, illegal referral fees, illegal referral fees paid by title industry, affiliated business arrangements
|
3 Comments
| Email
| Print