Đạo đứcCâu 319 / 400
RESPA Section 8's anti-kickback provisions apply to referrals of business involving:
a.Only the loan interest rate
b.Settlement (closing) services such as title, appraisal, and escrow
c.Only real estate commissions
d.Only homeowner's insurance
Giải thích
Section 8 covers referrals of settlement-service business, which includes services like title insurance, appraisal, and escrow. It is not limited to the interest rate, real estate commissions alone, or homeowner's insurance alone; the broad category is settlement services.
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 GLBA, before a financial institution shares a consumer's NPI with certain nonaffiliated third parties, the consumer generally must be given:
- 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:
- Which of the following payments is generally PERMITTED under RESPA Section 8?
- 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:
- A loan officer discovers that a coworker is knowingly submitting falsified bank statements for clients. The most ethical and appropriate response is to:
- A buyer and seller agree that the seller will secretly lend the buyer the down payment through an undisclosed second loan, hidden from the primary lender. This is:
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