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RESPA: Kickbacks and Affiliated Business Arrangements (Individual)
Online Course
|
CPE Credits: 0.25
The Real Estate Settlement Procedures Act section 1024.14 &
1024.15, also known as “Section 8” prohibits certain payments and
business arrangement. Section 1024.14 prohibits the paying or
receiving of referral fees for mortgage loans and allows lenders to
receive compensation only for services actually performed.
The law does allow banks to pay its own employee for loan referrals.
Section 1024.15 sets requirements on affiliated business arrangements.
This course is intended for compliance personnel, management, and
board of directors.
Learning Objectives:
Understand when a banker may be paid referral fees or other fees
for services performed
Understand what an affiliated Business Arrangement is and what is allowed
Course Outline:
Kickbacks and Unearned Fees
Affiliated Business Arrangements
Rev–Oct. 2018. Course length ≈ 10 minutes. This course is worth
0.25 CPE credits.
