Borrowers alleged that excess fees paid for flood zone determinations were retained by the lender and constituted an improper kickback. (nar.realtor)
Borrowers allege that either the insurance entity split the charge with the lender, or that the lender kept some of funds and did not pay the full flood zone determination fee to the insurance company. (nar.realtor)
The lender charged borrowers $ 19.00 for each flood zone determination performed to assess whether flood insurance was required on the property. (nar.realtor)