16 CFR Parts 317 and 318: Mortgage Acts and Practices Rulemaking
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Prohibit the coupling of home builders' sales agents and preferred or specific lenders. As a home buyer, I should have the freedom to choose where my loan comes from without penalizing myself through refusing, for example, 10,000 dollars off the purchase price or a specific dollar amount in various upgrades. The practice of builders offering incentives to buyers to use any specific lender should be considered fraud and punishable by law. The price of a home, or the particular features purchased from the builder must not be affected by the source the buyer's funding.