And the projected income from that act compared to the costs that Ken outlined is what? Since "Provision of services involving hazard, flood, or other casualty insurance or homeowner's warranties" are defined as a settlement service in 1024.2 and the payment of such a referral would be a Section 8 violation?
12 U.S. Code § 2607 - Prohibition against kickbacks and unearned fees
(a) Business referrals
No person shall give and no person shall accept any fee, kickback, or thing of value pursuant to any agreement or understanding, oral or otherwise, that business incident to or a part of a real estate settlement service involving a federally related mortgage loan shall be referred to any person.
_________________________
The opinions expressed here should not be construed to be those of my employer:
PPDocs.com