Real estate blog entries tagged with msas by Lola Audu, Audu Real Estate~Grand Rapids, MI ~Welcome Home! (Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate)

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msas: Why Might a Marketing Service Agreement (MSA) be against the law? - 10/13/15 07:57 AM

This is part 2 of a Series. This past week, (October 5, 2015), the Consumer Financial Protection Bureau (CFPB) issued a Compliance Bulletin with the subject line: RESPA Compliance and Marketing Services Agreements.

Question: Why Might Marketing Service Agreements (MSA's) be against the law? (Click here for a definition of MSA's)
According to the bulletin, the Bureau has received numerous inquiries and Whistleblower tips from members of the real estate community detailing the harm that can do to consumers by increasing the costs associated with obtaining services related to financing. It should be noted that the bulletin also states that they have NOT received any … (0 comments)

msas: Marketing Service Agreements, (MSA's), The CFPB & REALTORS - 10/13/15 07:16 AM

This past week, (October 5, 2015), the Consumer Financial Protection Bureau (CFPB) issued a Compliance Bulletin with the subject line: RESPA Compliance and Marketing Services Agreements.
It was a rather lengthy document (approximately 5 pages), but the information provided is very relevant to the real estate and lending communities with regards to the interpretation of the legality of Marketing Service Agreements and compliance with the Real Estate Settlement Procedures Act aka RESPA.
This document answers questions, which many have had in recent months, about how the CFPB will address, investigate and enforce RESPA guidelines pertaining to this issue in the future. Due to … (0 comments)

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