From The Real Deal · Keith Larsen · · 50s
TheGuarantors sues Cosign over kickbacks
TheGuarantors accuses Cosign of illegal kickbacks and unlicensed insurance operations.
In brief
TheGuarantors accuses Cosign of illegal kickbacks and unlicensed insurance operations. TheGuarantors sued Cosign for illegal kickbacks and operating without insurance licenses in multiple states. Originally reported by The Real Deal.
TheGuarantors sues Cosign
TheGuarantors filed a federal lawsuit against Cosign, accusing it of illegal kickbacks and unauthorized insurance services.
Cosign's business model
Cosign operates as a lease guarantee provider without proper insurance licenses in most states, including Georgia.
Kickback scheme details
Landlords and property managers received 10 percent of tenant fees through illegal revenue-sharing agreements.
TheGuarantors' claims
TheGuarantors lost clients to Cosign and claims it is barred from making payments to landlords under Georgia law.
Cosign's response
Cosign claims it attracts customers seeking lower costs, faster responses, and data-driven approvals instead of legacy practices.
What to remember
TheGuarantors sued Cosign for illegal kickbacks and operating without insurance licenses in multiple states.
