Anti-Trust Policy Statement

Trade and professional Associations that bring together competing entities, such as
NAMB, are subject to strict scrutiny under both federal and state antitrust laws. NAMB
recognizes that the antitrust laws were enacted to promote fairness in competition and
as such supports laws against monopoly and restraints of trade and supports their

It is the policy of NAMB, the Association of Mortgage Professionals and its Members to
remain in compliance with all federal and state antitrust laws, and other regulations
applicable to their activities, and to avoid even the appearance of impropriety.
NAMB and its Members believe that the nation is best served by voluntary compliance
with the antitrust laws. NAMB will neither permit nor condone anti-competitive
behavior, whether willful or inadvertent, in connection with any Association activity. To
this end, NAMB and its Members will at all times avoid discussion or actions related to
fixing prices, allocating geographic markets, unfair or deceptive practices, setting profit
levels; boycotts, and other anti-competitive behavior.

Discussion of matters that may violate applicable laws and regulations should always be
avoided, even in private settings, and cannot be tolerated in connection with any NAMB
meeting, event or activity. Individuals engaging in possible violations of this NAMB
policy during meetings, events or activities will be required to end such discussions or
activities, and if necessary, are subject to ejection by the presiding officer of the meeting
or chairperson of the event or activity.

Questions concerning antitrust or other laws or regulations connected to NAMB
activities should be referred immediately to the President.