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When Donna and Diego Gomez spent almost $300,000 for a Miami condo, the $2,200 in loan fees they paid to Wells Fargo Bank seemed excessive to them. They are now the lead plaintiffs in a lawsuit against Wells Fargo that seeks class action status. They contend the San Francisco-based bank set up contests to pay back business associates for referrals, and they believe a portion of their fees helped fund the kickbacks. That violates the federal Real Estate Settlement Procedures Act, the suit claims.
October 19, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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