In an important new case VICKI v. BUSBY v. JRHBW REALTY, INC. the Eleventh Circuit Court of Appeals reversed the denial of class certification in an important RESPA (Real Estate Settlement Procedures Act) case. This will be a boon to consumers who are routinely charged junk fees incident to their loan closings. RESPA prohibits the charging of any fee to a consumer incident to a federally related real estate loan unless there are services or goods provided in exchange for the fee. Consumers and practitioners alike should examine settlement documents closely for RESPA violations.
- posted by Unknown @ 4:34 AM