Before the loan advances, a training manager must resolve a RESPA servicing and affiliated-business rules issue during a RESPA servicing and affiliated-business rules review. What should happen?
Correct Answer
B) Pay only for actual settlement services performed
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Pay only for actual settlement services performed".
Why This Is the Correct Answer
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Pay only for actual settlement services performed".
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