Ninth Circuit Court Of Appeals Joins Other Circuits And Holds That Overcharge Does Not Violate Section 8(B) Of RESPA

Contributor: Sheppard Mullin Richter & Hampton LLP

SUMMARY: The United States Court of Appeals for the Ninth Circuit, which includes California, issued a ruling on March 9 that the clear and unambiguous language of RESPA Section 8(b) does not reach the practice of overcharging. Martinez v. Wells Fargo Home Mortgage, Inc. Section 8(b) of RESPA states that "no person shall give and no person shall accept any portion, split, or percentage of any charge made or received for the rendering of a real estate settlement service in connection with a transaction involving a federally related mortgage loan other than for services actually performed."

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DOCUMENT INFO

Doc Type:
Legal Article/Newsletter

Published: 3/12/2010
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Legal Article/Newsletter Name:
Ninth Circuit Court Of Appeals Joins Other Circuits And Holds That Overcharge Does Not Violate Section 8(B) Of RESPA

Legal System: United States

Subject Matter:
Administrative Law
Commercial Law & Contracts
Finance & Banking
Real Estate - Residential