Posted By: dmcpherron
Section 8 - 04/05/22 02:38 PM
Section 8 violation question. If a loan officer takes a realtor to a sporting event, that appears to me to be section 8 violation. However, previous internal guidance was given that if the LO just gave the realtor a ticket that was not acceptable, but as long as the LO went with the realtor there was no violation. In my opinion I don't see the difference. Both situations appear to be violations. Thoughts? The thought was this is a normal business development practice and fits the "normal promotional" activity definition. Thanks.