Information from the law firm of K&L Gates:
What You Need to Know About the Recent Busby Case and Section 8(b) of RESPA
Section 8(b) of RESPA has always been the source of controversy, particularly with regard to a settlement service provider's mark up of a third party's fee. But that controversy is shifting. With the recent decision of a federal district court in Busby v. Realty South, the spotlight is now on the administrative fees charged by real estate brokers, which is causing other settlement service providers to re-examine their own charges for their own services. This means the Busby court decision could have an effect on a title agent that charges a document preparation fee and a mortgage lender that charges its borrowers an underwriting and processing fee.
As this decision has sparked new discussions about how settlement service providers price their services, now is the time to consider whether your charges comply with RESPA.
Join us on Wednesday, May 27, 2009 at 2:00 pm EDT for a discussion of the Section 8(b) controversy, the Busby decision, and how your prices may be affected.
We also will provide you with tips to minimize your Section 8(b) risks and answer any questions that you may have.
Holly Spencer Bunting, Associate, Washington, DC
WEBINAR
WednesdayMay 27, 20092:00 - 3:15 p.m. EDT
Location:Attend via webinar.
Login directions will be distributed via email prior to the event.
RSVP:Click here to register online.
Registration closes at 12:00 p.m. EDT on May 26.
Questions:If you have any questions, email Meghan Bothe or call 202.778.9209.
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