2008.06 - Preventing Mortgage Fraud through Disclosure

Preventing Mortgage Fraud through Disclosure
Description:  The Department recommends that a licensee who provides a premium, credit, or rebate in a real estate transaction disclose the premium, credit, or rebate to all parties in the transaction, including the lender and third-party service providers, such as appraisers, in the purchase agreement and the closing statement.

Effective Date:  June 18, 2008; Revised December 7, 2018