If one of the bank's directors owns a percentage of a settlement services company, can the bank require borrowers to use this provider for title searches? In other words, does this fall under the exception for requiring use of "an attorney, credit reporting agency, or real estate appraiser chosen by the lender to represent the lender's interest in a real estate transaction"? I know we'd have to provide the Affiliated Business Arrangement Disclosure if this is indeed a permissible activity.