Đạo đứcCâu 317 / 400
A title company pays a mortgage broker $200 for each loan referred to it, with no service performed in return. Under RESPA Section 8, this payment is:
a.Permitted as a marketing expense
b.Permitted if under $500
c.Permitted if disclosed on the Closing Disclosure
d.A prohibited kickback for the referral of settlement service business
Giải thích
RESPA Section 8 prohibits giving or accepting a fee or thing of value for referring settlement-service business when no bona fide service is performed. A referral fee is not a legitimate marketing expense, there is no dollar threshold that makes it legal, and disclosure does not cure an illegal kickback.
Trích dẫn luật: RESPA Section 8Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the Gramm-Leach-Bliley Act, a mortgage company's duty to protect customers' nonpublic personal information (NPI) primarily requires it to:
- A loan officer leaves printed loan applications containing Social Security numbers on an unlocked desk overnight in a shared building. This most directly violates:
- Under GLBA, before a financial institution shares a consumer's NPI with certain nonaffiliated third parties, the consumer generally must be given:
- Which of the following payments is generally PERMITTED under RESPA Section 8?
- RESPA Section 8's anti-kickback provisions apply to referrals of business involving:
- A loan officer's brother owns the appraisal company being used on the officer's own borrower's loan. The most ethical action is to:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra