When States Step In: The New Front Line of RESPA Enforcement – Holly Bunting | S3E5

While everyone’s been watching the CFPB… the states have been getting busy. From joint ventures to marketing relationships, state attorneys general are stepping in – and in some cases, pushing entirely new interpretations of RESPA that the industry hasn’t seen before. So, the question is: are you operating under yesterday’s rules in today’s enforcement environment? Let’s take a closer look at where the real action is happening right now. In this episode of Keys to Real Estate Holly Bunting, a RESPA expert and partner at Mayer Brown, and October Research Chief Knowledge Officer Mary Schuster drilled down deep into what states are doing to address matters pertaining to joint ventures involving title agents and mortgage providers along with other trends Bunting is seeing on the state enforcement front. Chapters:0:00 - State enforcement agencies filling the federal enforcement gap1:02 - The focus on joint ventures, affiliate relationships, and state-specific interpretations5:35 - The legal basis and misconceptions around joint ventures and affiliation costs7:15 - Industry impact: Are new state regulations affecting the bottom line?9:03 - The importance of proving actual consumer injury in enforcement actions12:01 - Interplay and coordination between federal and state regulators15:46 - Recommendations for industry participants on compliance and risk mitigation19:03 - Emerging RESPA issues: employment of real estate agents and unintended violationsFor more about Holly Bunting and Mayer Brown: https://www.mayerbrown.com/en/people/b/bunting-holly-spencerGet In Touch…Host email: Mary Schuster - [email protected] find more episodes of “Keys to Real Estate” or learn more about October Research – the nation’s leading independent provider of market intelligence, industry news, expert analysis and regulatory information for professionals in the real estate, title, financial and settlement services industries – visit https://www.octoberresearch.com.Episode sponsored by First American Trust – https://www.firstamtrust.com Episode produced by October Research – https://www.octoberresearch.com