In 2014, The CFPB charged Stonebridge Title Services for making kickbacks which “violated Section 8 of the Real Estate Settlement Procedures Act [RESPA].” The company was ordered to pay a civil penalty of $30,000 for its role in the scheme.

• The CFPB “charged that Stonebridge paid commissions to more than twenty independent salespeople who referred title insurance business to Stonebridge.” The company “solicited people to provide it with referrals of title insurance business, offering to pay commissions of up to 40% of the title insurance premiums Stonebridge itself received.” The kickbacks “violated Section 8 of the Real Estate Settlement Procedures Act [RESPA].” [Darren Waggoner, “CFPB Orders Title Company to Pay for Kickback Scheme”, National Mortgage News, 06/17/14]

• The Consumer Financial Protection Bureau ordered the company “to pay $30,000 for paying illegal kickbacks for referrals.” The $30,000 was a civil penalty. [Darren Waggoner, “CFPB Orders Title Company to Pay for Kickback Scheme”, National Mortgage News, 06/17/14]