Q: Is a bank allowed to pay a commission to someone who is not a mortgage broker for the referral of a CRE loan?
Referral of a commercial real estate loan?
A:
There are not enough facts for any lawyer to answer your question. You will need to tell us WHO the person allegedly doing the referring is (not their name) and what is your interest here?
FYI generally: Banks are allowed to "pay commissions" to most any source actually referring all kinds of loans to them-excluding incarcerated criminals and a few other unqualified persons and businesses.
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