While in the strict sense there may be no violation with RESPA, HUD has come down with many unique rulings. One Florida thrift a few years ago had unveiled some new products and invited “all” realtors in town and surrounding areas for the presentation. As this was after hours, they had soft drinks, finger sandwiches and chicken wings.
Last edited by Jax; 01/06/04 01:19 PM.
Two months after the event, they received a strong letter from HUD, indicating that if they did not stop this violation and ensure it would never happen again they would be hit with a cease and desist from HUD. The bank refers to it as the “Chicken wing letter” for violation of Section 8. (Thou shalt not bribe realtors with chicken wings.)
No further comments on HUD.
Integrity. With it, nothing else matters. Without it, nothing else matters.