Louisiana Is Getting Ready To Settle With The Ftc Whether The La. Board Likes It Or Not

[timd354]

Tim has become a caricature and doesn't realize it yet

Instead of worrying about what you think of me, Why don't you go ahead and present your case about why the LREAB should be able to establish a floor for appraisal fees paid by AMC's to appraisers in violation of anti trust law. Please be sure to address the following topic:

If the LREAB is allowed to act in violation of the law regarding the regulation of AMC's then should'nt state appraisal boards also be allowed to disregard existing laws and regulations when they regulate and discipline appraisers?

 

[djd09]

The rule of law.



$11 million, wow!

http://www.cleveland.com/business/index.ssf/2017/07/quicken_loan_penalized_over_ho.html

"If a lender is suggesting a value to an appraiser, it's just bad business, Bordas said.
Bordas said this is the first such case he's aware of involving the objectivity of appraisals. He said this ruling could cause lawyers to file cases in other states."

Bad business? Oh i forgot, they are the "intended users" who have special privileges.

 

[Meandering]

Instead of worrying about what you think of me, Why don't you go ahead and present your case about why the LREAB should be able to establish a floor for appraisal fees paid by AMC's to appraisers in violation of anti trust law. Please be sure to address the following topic:

If the LREAB is allowed to act in violation of the law regarding the regulation of AMC's then should'nt state appraisal boards also be allowed to disregard existing laws and regulations when they regulate and discipline appraisers?

I found no violation of the AMC laws, other than a missing comment from the ASC regarding these types of laws, but let's consider the CFPB says;

http://files.consumerfinance.gov/f/...ral-Mortgage-Disclosure-Requirements_TILA.pdf
Page 490

i. Assume a creditor elects to use an average charge for appraisal fees. The creditor defines a class of transactions as all fixed rate loans originated between January 1 and April 30 secured by real property or a cooperative unit located within a particular metropolitan statistical area. The creditor must then charge the average appraisal charge to all consumers obtaining fixed rate loans originated between May 1 and August 30 secured by real property or a cooperative unit located within the same metropolitan statistical area.

In order for borrowers to pay the "AVERAGE", some fees have to be higher, which someone, either the AMC or the Lender is going to eat.

Have you found any state law that says the state can not set minimum prices for inTRA state services??????

.

 

[chad hampton]

It's hard to fight big gov't. They have an endless supply of money and LA is broke. Settling has nothing do with what is right with regards to the law. That's a lesson I hope none of you have to ever learn firsthand.

 

[Eli]

It's hard to fight big gov't. They have an endless supply of money and LA is broke. Settling has nothing do with what is right with regards to the law. That's a lesson I hope none of you have to ever learn firsthand.

I didn't even know the hearing had occurred yet.

 

[Terrel L. Shields]

Settling has nothing do with what is right

Too true. A state can set a minimum wage, but they cannot make AMCs treat appraisers like employees....that's right appraisers are serfs...indentured servants working for peanuts.

 

[Eli]

Too true. A state can set a minimum wage, but they cannot make AMCs treat appraisers like employees....that's right appraisers are serfs...indentured servants working for peanuts.

Yes, Marion has pointed out how deep this water is. It's way deeper than ankle deep.

The FTC and La are the turtles in the parable of the turtle and the hare. You know, turtles multiply pretty good.

 

[Terrel L. Shields]

It's way deeper than ankle deep

 

[Eli]

Cats hate water generally.

 

[Evincere]

It's hard to fight big gov't. They have an endless supply of money and LA is broke. .

You are in NC? Are you saying you are privy to the LA Boards finances?