Settlements for mortgage insurance kickbacks reach $39M in Florida, NJ

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Miami and money A national class action suit accusing mortgage providers of taking kickbacks from residential insurers received preliminary approval in Miami last week for $15 million worth of settlements, bringing the total in similar cases to $39 million, according to the Daily Business Review.

In Orlando, where builders such as Hovnanian.Settlements for mortgage insurance kickbacks reach $39M in Florida, NJ CFPB, md. seek settlement In mortgage kickback scheme. The Tourist Development Tax (also referred to as tourist tax, bed tax or resort tax) is a 5% charge on the revenue from rentals of six months or less.

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