Violation Tracker Individual Record

Company: 
First American Title Insurance Company
Current Parent Company: 
First American Financial
Penalty: 
$5,000,000
Year: 
2007
Date: 
November 16, 2007
Offense Group: 
competition-related offenses
Primary Offense: 
kickbacks and bribery
Violation Description: 

The U.S. Department of Housing and Urban Development and two Florida regulators announced a settlement with First American Title Insurance Company for alleged violations of the Real Estate Settlement Procedures Act and similar state laws. HUD, the Florida Department of Financial Services and the Florida Office of Insurance Regulation alleged that First American made payments to scores of affiliated partnerships based on the referral of business to the title company.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Housing and Urban Development Department
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.