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RESPA Class Action Lawsuit Against Bank & Home Builder for MSA Arrangement

Thursday, June 27, 2019   (0 Comments)
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RESPA Class Action Lawsuit Against Bank & Home Builder for MSA Arrangement

 

In a proposed class action suit, Ameris Bank is accused of systematically bribing South Carolina homebuilders to refer homebuyers to Ameris's loans. Ameris denies the accusation. The suit alleges that in some instances, Ameris employees gave homebuilders gifts, trips, meals, entertainment and the like to be their exclusive preferred lender. The loans Ameris financed through these alleged arrangements included settlement service charges, which is where the litigant claims Ameris violated the Real Estate Settlement Procedures Act.

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