Skip to content

Promotional Donations

Answered by: 

Question: 
Would providing door prizes for a realtor awards dinner where the bank's name appears on the event flyer as a door prize sponsor violate RESPA Section 8? or would the business promotion exception apply? Not sure how to document promotional donations.
Answer: 

Unless there is some clear tie to expectations of the referral of settlement service business, I don't believe this would be a RESPA Section 8 violation.

First published on BankersOnline.com 2/21/11

First published on 02/21/2011

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics