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Violation Tracker Individual Record

Company: First American Title Insurance Company
Current Parent CompanyFirst American Financial
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $5,000,000
Year: 2007
Date: November 16, 2007
Offense Group: competition-related offenses
Primary Offense: kickbacks and bribery
Secondary Offense: Real Estate Settlement Procedures Act (RESPA)
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 Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.