Broker clawback- is it legal?

Discussion in 'Loans & Mortgage Brokers' started by RoadRunner, 21st Jan, 2021.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Terry_w, 8th Oct, 2021
    #21
  2. Lindsay_W

    Lindsay_W Well-Known Member

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    That article states the broker cannot pass the clawback to the consumer (borrower)
    The broker can be subject to clawback for up to 2 years after settlement but they can no longer pass that charge on to the borrower.
    Why are you considering CBA? There could be a better alternative
     
    Lindsay_W, 8th Oct, 2021
    #22
    Chris B likes this.
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