A mortgage team asks a compliance manager about RESPA servicing and affiliated-business rules during a company policy update. Which answer should guide the file?
Correct Answer
C) Give the AFBA disclosure and avoid required use
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Give the AFBA disclosure and avoid required use".
Why This Is the Correct Answer
RESPA/Regulation X limits referral value and sets servicing disclosure and response duties. The best answer is "Give the AFBA disclosure and avoid required use".
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