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Holiday gifts may bring RESPA woes

Question: 
Does Section 8 prevent us from accepting Christmas gift from providers such as appraisers and title companies?
Answer: 

Gifts are a concern, and not only during the holiday season. Section 8 prohibits giving or receiving a fee or thing of value for the referral of settlement business. Receiving gifts may also raise concerns under the bank's bribery policy.
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Learn more about Jack Holzknecht webinar Understanding RESPA Section 8 Violations

First published on 12/29/2019

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