HUD Sues California Hazard Reporting Company and Four Real Estate Brokerages In Kickback Scheme

HUD Sues California Hazard Reporting Company and Four Real Estate Brokerages In Kickback Scheme - WASHINGTON - The U.S. Department of Housing and Urban Development today brought a federal lawsuit against Property I.D. Corporation, a large hazard reporting company in California, and four California real estate brokerages for creating sham companies designed to generate illegal kickbacks in violation of the Real Estate Settlement Procedures Act (RESPA). The federal suit claims Property I.D. of Los Angeles made improper payments to the real estate brokers based on the referral of consumers to the hazard reporting company.