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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
Giải thích
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.
Trích dẫn luật: RESPA / Regulation XLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under Regulation Z, for a closed-end mortgage a borrower may exercise the right of rescission for up to three years if:
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- Under Regulation Z, when a creditor receives a mortgage application, it must provide the applicant with a copy of any appraisal or valuation:
- Under Regulation Z, a mortgage loan generally may include a prepayment penalty only if the loan is a qualified mortgage that is not higher-priced and the penalty:
- Under the Homeowners Protection Act, when private mortgage insurance is NOT canceled earlier, PMI must terminate at the latest by:
- Under Regulation N (Mortgage Acts and Practices Advertising Rule), which of the following mortgage advertising claims would be prohibited?
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