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A title company pays a mortgage broker $200 for each borrower the broker refers, regardless of any services performed. Under RESPA, this arrangement is:
a.Permitted as a marketing expense
b.Permitted if under $500
c.Permitted if disclosed at closing
d.A prohibited kickback for referrals
Giải thích
RESPA Section 8(a) prohibits giving or accepting any fee, kickback, or thing of value for the referral of settlement service business involving a federally related mortgage. Paying for referrals themselves is illegal regardless of amount or disclosure. Only payments for goods or services actually furnished at reasonable market value are permitted.
Trích dẫn luật: Real Estate Settlement Procedures Act (RESPA Section 8)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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