"The original complaint alleges the private, for-profit corporation misled homebuyers into believing it is connected to the U.S. Department of Veterans Affairs (VA). It claims that multiple real estate agents and loan officers say they routinely lose business because borrowers believe they must use Veterans United since it's part of the VA."
"In its motion to dismiss, Veterans United includes two screenshots of its website demonstrating that its site features a disclaimer stating it is not a federal agency. Notably, the disclaimer in the screenshot attached to the original complaint appears smaller."
Veterans United Home Loans filed a motion to dismiss a class-action lawsuit claiming it misrepresented itself as affiliated with the Department of Veterans Affairs. The lawsuit alleges that the lender misled homebuyers and caused real estate agents to lose business. Plaintiffs argue that Veterans United charged agents about 35% of their commission for leads. The lender contends that the plaintiffs did not demonstrate any specific injury or valid claim. The company includes website screenshots showing a disclaimer stating it is not a federal agency.
#veterans-united-home-loans #class-action-lawsuit #respa-violations #department-of-veterans-affairs #real-estate-agents
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