Federal Judge Rules HUD's Ten-part Sham AfBA Test Unconstitutional

July 8, 2010

A judge for the U.S. District Court for the Northern District of Ohio recently ruled that HUD's Ten-part test used to determine whether an affiliated business arrangement (AfBA) is a sham under RESPA or whether it constitutes a bona fide provider of settlement services.

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.