Skip to content
BOL Conferences
Learn More - Click Here!

New Reply
Post Icon
Smilies Insert Link Insert Email Link Insert Image Link Insert Media Tag List Bold Italic Underline Strike-through Spoiler Quote Font Color Fonts Font Size
Make textarea smaller
Make textarea bigger
Post Options

HTML is disabled.
UBBCode is enabled.
Poll Manager (Total Polls: 0)




In Response To:
Thread Starter: Lucy Griffin
Title: Re: Referral fee confusion

One of the difficulties in analyzing a RESPA issue is that RESPA runs in all directions. For example, both the payor and receiver of a kick-back have violated RESPA. Examiners have often taken the position that if the bank merely collects an illegal fee for one of the settlement service providers, the bank is a participant in the illegal behavior. Who owns the property, who puts forward the money, and who writes the documents is not therefore the deciding factor here. It is whether or not the fee is illegal. If so, everyone involved is guilty.