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News & Announcements |
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 |  | REPORTING MORTGAGE FRAUD IN UTAH
Dateline: Thursday, June 28, 2007 |
REPORTING MORTGAGE FRAUD IN UTAH
When you are aware of mortgage fraud in Utah, please report it to the following State & Federal Agencies. You should give all relevant information to each of the investigatory agencies. You should be able to identify a victim, potential defendant, the acts that constitute mortgage fraud. Essentially, report the “who”, “what”, “where”, and “when” of the case.
Department of Commerce
Division of Real Estate
Dee Johnson
Phone: (801)530-6747
Web Address: www.realestate.utah.gov
Email: realestate@utah.gov
Complaint Form: http://www.realestate.utah.gov/complaint.html
Department of Insurance
Fraud Division
Doug LeDoux
Phone: 1-877-372-8315
Web Address: http://www.ifd.state.ut.us/
Email: |
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How should I report a violation of RESPA?
Dateline: Friday, March 2, 2007 |
You should send a written complaint describing the practice that you believe violates RESPA. The complaint should include the names, addresses and phone numbers of the alleged violators. It is preferred that you include your name and phone number in case an investigator wishes to ask further questions. You may request confidentiality. Send the |
 | | Do I Really Have to Pay My Loan Officers As Employees?
Dateline: Friday, February 2, 2007 |
Do I really have to pay my loan officers as employees?
Wow! This is a hot topic, and a complex issue. The answer is not as cut-and-dry as we would all like. However, it might be instructive to remember the wise words of Ben Franklin when he said, “Certainty? In this world nothing is certain but death and taxes.” The likelihood that the IRS is eventually going to want, and get, their taxes is great.
The IRS uses the common law test to determine if an employee relationship does or does not exist. The common law test is fact intensive and each situation is a little different and requires specific analysis. There is however, guidance available.
But before we get into what guidance is available for the mortgage industry, let us |
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