RESPA Section 8: Upcharging
RESPA Section 8 prohibits a lot of different things and one such thing is upcharging for settlement services.
Remember, you are a bank and not a store.
The fee you pass on for settlement services needs to be the actual amount charged by the provider.
Kevin explains more in the video.
Ready to learn more? JOIN US for our webinar, “RESPA Section 8”. Featured topics include:
ONE HOUR TRAINING
Featured Topics:
- Defining Settlement Service Providers & Referrals
- What Can You Do? What Can’t You Do?
- Referral Fees, Unearned Fees, Kickbacks & Split Charges
- Your Employees vs. Third Parties
- Other Prohibitions
- The CFPB FAQs & The Regulatory Landscape
- Expectations, Best Practices & Much More!
Designed for management, loan officers, loan processors, compliance, audit and loan operations personnel.
(1.25 Continuing Education credit hours)
PRESENTERS LIVE ON VIDEO!
NO CHARGE FOR ADDITIONAL LOCATIONS!
Published
2022/11/07
Kevin Edwards
Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).