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Class action ruling issued in Genuine Title case
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Court Report
Friday, June 3, 2016
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As the CFPB was investigating Genuine Title LLC and its lender associates, borrowers brought a purported class action against the companies for engaging in the alleged kickback schemes. As the case progressed, the U.S. District Court for the District of Maryland sought guidance from the Court of Appeals of Maryland as to whether the state statute prohibiting real estate kickbacks in exchange for settlement services provided an express or implied private right of action. Read on for the appellate court’s answer.
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