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Federal court sides with NAR against CFPB action

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A wooden gavel sits on top of a stack of documents in front of a shelf full of book. The top document says

11/03/2016 | Author: Editorial Staff

A federal appeals court overturned a $109 million penalty imposed by the Consumer Financial Protection Bureau on a mortgage company, which was accused of making illegal referral arrangements. This ruling aligns with the arguments made by NAR and other industry groups.

Read a summary of the issue and the court's interpretation on

Categories: Legal
Tags: nar, legal, respa, cfpb, referral

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on Any legal or other information found here, on, or at other sites to which we link, should be verified before it is relied upon.

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