Furnishing Inaccurate Consumer Information    

Did You Know?

Online mortgage comparison platforms receive an illegal referral payment
in violation of Section 8 RESPA
when which three factors
are all present?
(1) The platform non-neutrally uses or presents information about one or more settlement service providers participating on the platform;

(2) Non-neutral use or presentation of information has the effect of steering the consumer to use, or otherwise affirmatively influences the selection of, those settlement service providers, thus constituting referral activity; and

(3) The platform receives a payment or other thing of value that is, at least in part, for that referral activity.
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