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[+] Think Your County Is Rough? - David Bloys/TX (1 reply)
9/12/2006 12:04:26 AM (3477 views)

[+] companies that don't pay - donna little/CT (1 reply)
9/11/2006 4:15:20 PM (2648 views)

BACKGROUND SEARCH - LAWANDA  MCMILLIAN/AR
9/11/2006 4:14:53 PM (2049 views)

[+] Don't Ever Forget! - Kurt deVries/FL (6 replies)
9/11/2006 11:25:08 AM (2591 views)

[+] Title Camp in the Carolinas... - Robert Franco/OH (22 replies)
9/7/2006 1:54:59 PM (2580 views)




[-] SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN (23 replies)
9/6/2006 6:40:54 PM (2793 views)
Re: SUBMIT COMPLAINT TO RESPA - STEVE MEINECKE/VA
9/6/2006 8:46:20 PM (5060 views)
Re: SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN
9/6/2006 10:59:02 PM (3468 views)
Re: SUBMIT COMPLAINT TO RESPA - Robert Franco/OH
9/7/2006 11:53:00 AM (3624 views)
Re: SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN
9/7/2006 7:30:31 PM (3431 views)
Re: SUBMIT COMPLAINT TO RESPA - Scott Perry/PA
9/7/2006 8:42:05 PM (3385 views)
Re: SUBMIT COMPLAINT TO RESPA - Robert Franco/OH
9/8/2006 12:03:16 AM (3278 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/8/2006 7:04:48 AM (3211 views)
Re: SUBMIT COMPLAINT TO RESPA - Shannon Blatt/VA
9/10/2006 12:00:50 PM (3397 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/10/2006 12:21:48 PM (3276 views)
Re: SUBMIT COMPLAINT TO RESPA - Ricky Farrow/FL
9/10/2006 8:57:24 PM (3368 views)
Re: SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN
9/10/2006 10:51:13 PM (3214 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/11/2006 5:38:25 AM (3306 views)
Re: SUBMIT COMPLAINT TO RESPA - Ricky Farrow/FL
9/11/2006 9:30:17 AM (3203 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/11/2006 9:47:10 AM (3240 views)
Re: SUBMIT COMPLAINT TO RESPA - Ricky Farrow/FL
9/11/2006 11:55:49 AM (3423 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/11/2006 12:27:54 PM (3463 views)
Re: SUBMIT COMPLAINT TO RESPA - Robert Franco/OH
9/11/2006 12:28:28 PM (3449 views)

The problem is that the exam fee/or search fee on the HUD is going to show payable to the title company - not the subcontractor (at least all that I have seen).  Therefore, if XYZ title company charges the customer $200 for an exam fee, that accurately reflects the transaction; i.e. XYZ charged the customer $200 and the customer paid them $200.  The HUD does not reflect that XYZ owes Johnny Abstractor anything.  The transaction between the title company and the abstractor is a contract matter between them and does not involve the consumer.   

Section 8(b) of RESPA provides 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."  I believe that this has been interpreted to mean that the settlement service provider cannot mark-up fees unless they have added value to the service.  In cases where the search and exam are lumped together, the examination the title company performs based on the title search would certainly be an added value.  Even when the title company shows a separate search fee, in addition to the exam fee, they certainly have expenses in obtaining the search that I would think they could legitimately add to the fee.

I guess we will have to wait and see how HUD responds to the complaints that have been filed.  Personally, I don't think that RESPA was intended to encompass this matter. 

This is an interesting discussion. 

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN
9/11/2006 7:41:44 PM (3126 views)
Re: SUBMIT COMPLAINT TO RESPA - John Povejsil/MN
9/11/2006 9:57:37 AM (3359 views)
Re: SUBMIT COMPLAINT TO RESPA - Candis Richter/NJ
9/11/2006 10:54:58 PM (3201 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/12/2006 7:04:39 AM (3216 views)
Re: SUBMIT COMPLAINT TO RESPA - Robert Franco/OH
9/12/2006 12:40:06 PM (3294 views)
Re: SUBMIT COMPLAINT TO RESPA - Candis Richter/NJ
9/12/2006 8:47:32 PM (3241 views)

[+] Title Services USA (NY) - Research Specialists/TX (3 replies)
9/6/2006 1:59:03 PM (2732 views)

[+] non payment - Laura McGuire/RI (8 replies)
9/5/2006 4:08:52 PM (2863 views)

[+] AFX Corp. Inc. - Jacqueline Costa/RI (4 replies)
9/5/2006 1:17:59 PM (2984 views)

[+] E & O insurance in GA - Leroy Lewis/GA (2 replies)
9/5/2006 11:46:28 AM (2715 views)

[+] District Clerk Speaks Out - David Bloys/TX (1 reply)
9/4/2006 10:47:27 PM (3729 views)

[+] Are you Concerned? - Jan Forster/NC (4 replies)
9/4/2006 9:36:46 AM (2637 views)

[+] E&O Insurance - Mary Ann Bridge/PA (14 replies)
9/3/2006 10:48:22 PM (2782 views)

[+] Zaba Search - Database - Jay Duncan/MO (4 replies)
9/3/2006 12:27:33 AM (4783 views)

[+] Fly the Flag - Jay Duncan/MO (1 reply)
9/2/2006 12:42:22 PM (2590 views)


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