Section 8 of RESPA states that settlement service providers are prohibited from giving or receiving anything of value for the referral of RESPA covered loans and/or settlement services. There are a lot of definitions within that prohibition you will need to understand. For instance, “What’s a settlement service?”, “What’s a thing of value?” and “What’s a referral?”.
Listen to the video as Kevin addresses referrals.
Ready to learn more? We will address these definitions and more so JOIN US for our webinar, “RESPA Section 8”.
Published
2021/11/08