Question by Yingnan: can I sue mortgage broker for not giving me commission rebate?
I am doing my refinance with one mortgage broker. Before closing, he asked me to pay $ 480 more for closing because he said the is some law forbid him to give me more rebate. But he said in his email clearly that he is going to refund me this money one week after the closing. Three months later, he said he doesn’t know when he can give me the money and start to ignore my email and call. I feel like he is lying at the beginning and what I can do for this issue?
Answer by dog ma
He cannot legally give you any of it under federal law. He could have arranged to help with certain closing costs or gotten you a slightly lower interest rate, but he cannot give you any of his earned income.
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