Can a builder charge me more for my home if I do not use the builder's affiliated lender or other affiliated business partners?

Under the Real Estate Settlement Procedures Act (RESPA), the builder cannot charge you more for the home if you do not use his/her affiliated lender or other affiliated companies.
 
RESPA is administered and enforced by the Consumer Financial Protection Bureau (CFPB).
If you are a consumer with a question or complaint related to your mortgage or mortgage servicer, please contact the CFPB’s Consumer Response team at 1-855-411-2372 (855-729-2372 TTY/TDD).
 
If you are a settlement service provider with questions about RESPA, please email the CFPB at CFPB_RESPAInquiries@cfpb.gov
For more information go to the Consumer Financial Protection Bureau website at https://www.consumerfinance.gov/

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-03411