MN Dept of Commerce settles RESPA issue on ABA's

In a constantly changing climate under the Real Estate Settlement Procedures Act (RESPA,) the MN Department of Commerce has settled with First American Title over what were deemed as violations of the Federal RESPA Law. Although affiliated business arrangements are not prohibited under the Act, there are certain requirements that must be met in order for the affiliate to be a full fledged business, and not a sham business.

To read more on this see Inman’s MN DOC Article