Regulators accuse law firm of paying kickbacks to real estate, mortgage brokers for title business

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A lawsuit has been filed against a Kentucky law firm by federal regulators. The allegation is that the law firm violated the Real Estate Settlement Procedures Act (RESPA) by paying kickbacks for referrals. The argument against this practice is that "when companies pay kickbacks in exchange for referrals, it can hurt competition and inflate real estate costs for consumers."

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POSTED October 29 2013 9:52 AM

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