Insights

Blog Bite: How can a mortgage company and title company form a joint venture without risking a violation of the Real Estate Settlement Procedures Act (RESPA)?

This article posted on our partner site Mondaq.com is a guide to the evaluative criteria used by the Department of Housing and Urban Development (HUD) in determining whether a joint venture between a mortgage company and title company is a "sham controlled business arrangement."

In sum, the joint venture should operate as an autonomous entity with its own employees and facilities.

This comes to you as a part of Clausehound's exciting new collaboration with Mondaq!

  • Nature of Relationship
  • Joint Venture Agreement
  • Learn
  • USA

This article is provided for informational purposes only and does not create a lawyer-client relationship with the reader. It is not legal advice and should not be regarded as such. Any reliance on the information is solely at the reader’s own risk.

checkout lobby
Book a call

Have a matter like this?

We'll scope it with you and give you a number before any work starts.

Opens Calendly's booking calendar here. Calendly may set cookies.

Book a call on Calendly