Real Estate Settlement Procedures Act Action Dismissed
In Wooten v. Quicken Loans, Inc., No. 08-11245, an action for violation of the Real Estate Settlement Procedures Act, the court affirmed the dismissal of the complaint where, in connection with a residential mortgage loan, charging a loan discount payment – otherwise known as “points” or “discount points” – to provide a specific, below-market interest rate did not constitute the “rendering of a real estate settlement service” within the meaning of 12 U.S.C. section 2607(b).
Related Resources
- Read the Eleventh Circuit’s Decision in Wooten v. Quicken Loans, Inc., No. 08-11245
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