Federal Mortgage LawsQuestion 46 of 400
Which of the following would most likely violate RESPA's Section 8 anti-kickback provisions?
a.A title company giving a normal promotional pen to all visitors
b.Paying a loan officer a salary for work actually performed
c.A lender providing a borrower a required disclosure
d.A homebuilder giving a real estate agent free vacations in exchange for steering buyers to the builder's affiliated lender
Explanation
Giving something of value, such as free vacations, in exchange for referrals of settlement service business violates RESPA Section 8. Normal promotional items of nominal value, bona fide salaries for actual work, and providing required disclosures are permissible. The violation hinges on paying for referrals rather than for actual goods or services.
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