A mortgage lender's employee receives a $25 gift card from an appraiser as a holiday gift, with no expectation of future business referrals. Under RESPA Section 8, this:
Correct Answer
C) Violates RESPA regardless of the amount or intent
Under RESPA Section 8, any thing of value given in connection with settlement service business relationships violates the anti-kickback provisions, regardless of amount or stated intent. There is no 'nominal value' exception in RESPA's kickback prohibitions.
Why This Is the Correct Answer
Under RESPA Section 8, any thing of value given in connection with settlement service business relationships violates the anti-kickback provisions, regardless of amount or stated intent. There is no 'nominal value' exception in RESPA's kickback prohibitions.
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