Marketing and Services Agreements: Keys to Compliance and Pitfalls to Avoid
2:00-3:00 p.m. ET, Wednesday, Sept. 17
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Phil Schulman, partner, K&L Gates
Recent enforcement actions by the Consumer Financial Protection Bureau (CFPB) for violations of the Real Estate Settlement Procedures Act (RESPA), as well as the Qualified Mortgage 3 percent cap calculations have dampened enthusiasm for affiliated businesses. As a result, real estate brokers and builders see marketing and services agreements as a viable option. That means title and settlement companies have taken notice. While MSAs are lawful, the RESPA requirements for these arrangements, like many aspects of RESPA, are not crystal clear. A HUD Interpretive Rule issued in June 2010 provides some guidance, but until the CFPB makes its intentions known, settlement service providers must take care to adhere to the exemption standards set forth in Section 8(c)(2) of RESPA. This webinar will address the RESPA requirements affecting marketing agreements, the keys to compliance and the pitfalls that can lead to enforcement actions.
Register today to learn if a MSA is right for your company.
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